Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: VAT Audit :: cpt
 
 
Customs and Excise »
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty
 Seeks to further amend notification No. 02/2011-Central Excise dated 1st March, 2011.
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016

Excise, customs receipts lift indirect tax collection growth to 9% in August
September, 16th 2014

Indirect tax collections grew at 9% in August this year to Rs 40,644 crore from a year ago, indicating a promising growth trend in central excise and customs duties after their muted performance in the initial months of the fiscal.

Customs duty collections grew at 9.9% in August after a paltry growth of 0.2% in July, while excise duty receipts retained in August the robust growth of the previous month at 8%. Service tax receipts, however, moderated from the double digit growth in the initial months of the fiscal to 9% in August.

The tax department collected Rs 15,902 crore of customs duty, Rs 13,782 crore of excise duty and Rs 10,960 crore of service tax in August. The gaining momentum in excise and customs duty receipts indicate the Rs 6.2 lakh crore indirect tax revenue target for the full fiscal appear less daunting.

Relying on a recovery seen in excise duty receipts, Finance Minister Arun Jaitley had recently said the revenue target for indirect taxes for the fiscal was very much achievable.

In the April-August period, the department collected Rs 1.94 lakh crore from the three classes of taxes which accounted for 31% of the full year target.
Due to the poor collections in the initial months of the year, customs and excise collections growth in the April-August period still remained muted at Rs 71,207 crore and Rs 61,415 crore, showing a 0.3% and 0.5% growth respectively. Service tax collection in the period showed a 15% growth at Rs 61,870 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions