Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Professional Updates »
Open DEMAT Account in 24 hrs
 77th Annual Report and Accounts of the Institute for the year 2025-26
 Merit List of the Information Systems Audit [ISA] Assessment Test held in July 2026.
 One-time Opportunity for Eligible CA Final Pass Candidates to complete Virtual Advanced Information Technology Training (Adv. ITT) and Management & Communication Skills (MCS) Course to apply for membership of ICAI.
 Announcement - Increase in the time limit for transfer of Goodwill of a proprietary firm of a deceased member from one year to three years
  Announcement - Implementation of ICAI (Global Networking) Guidelines, 2025.
 Public Announcement on unauthorized access to ICAI Digital Platforms
 Inviting nomination for ICAI 40 under 40 - CA Business Leader Award Season-5 in association with Zee Business.
 Announcement - Implementation of ICAI (Global Networking) Guidelines, 2025.
 ANNOUNCEMENT - Decision taken by the Council regarding tenders
 Inviting Public Comments on the Proposed Stipend rates payable to Articled Assistant undergoing 2 years of practical training under the New Scheme of Education & Training.
 Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961' for Public Comments.

CBEC convenes meet again to discuss target
November, 22nd 2012

Within six months of the conference of chief commissioners of Customs and Excise held here, the Central Board of Excise and Customs (CBEC) has once again sent out missives to top officers across the country to assemble in the Capital next week to deliberate on measures that could pep up revenue collection . The CBEC's concern stems from the fact that the indirect tax collection is way below expectation and the shortfall in mop-up could be as high as Rs 40,000 crore from the budget estimates of Rs 5.1 lakh crore for 2012-13 .

Though the CBEC chairman exuded confidence that the budget target will be met, the collection figure belies the claim. In April-October indirect tax collection was Rs 2.6 lakh crore, a growth of 17% as against an average target of 27% required to meet the budget estimate.

The convening of the chief commissioners conference twice in a year, which is extraordinary , signifies the unease in the revenue department over the slow growth in tax collection . The sluggish manufacturing has made adequate dent on the excise collection, which stood at Rs 95,000 crore as against the fiscal year target of 1.9 lakh crore. Growth in revenue from customs duty during April-October was Rs 92,000 crore and from service tax was Rs 70,000 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting