India's H1-FY11 indirect tax collections up 44.4 per cent
14 Oct 2010
Revenue collection from indirect taxes in the country, including customs, central excise and service tax, rose to Rs150,686 crore during April-September 2010-11, showing a 44.4-per cent increase in revenue at an all-India level during the first half of the previous fiscal, ie, April-September 2009-10.
Revenue collection from customs duty increased 66.8 per cent year-on-year to Rs63,229 crore during the period while collection of central excise rose 40.7 per cent to Rs60,834 crore during April-September 2010-11.
Service tax revenue rose 14.8 per cent to Rs26,623 crore in April-September 2010-11 compared to the corresponding period in previous fiscal.
Total collection of indirect tax revenues at Rs150.686 crore during April-September 2010 is 48.1 per cent of the budget estimates of 2010-11.
Given the current momentum, the finance ministry expects to achieve the revenue target for the current financial year.
