labels: economy - general
Indirect tax collections up 22.4 per cent in April-December 2006news
13 February 2007

Mumbai: Indirect tax collections in the country, including customs and excise duty as well as service tax, were up 22.4 per cent at Rs169,863 crore during April-December 2006 from the year-ago period, figures provided by the finance ministry showed.

With continued buoyancy in corporate profits and the economy on an over 9 per cent growth rate, indirect tax collections rose by as much as Rs31,064 crore during the first nine month-period this fiscal compared to the corresponding period last fiscal.

Customs duty collections rose by an impressive 34.3 per cent at Rs70,872 crore during April-January 2006-07, against Rs52,768 crore during the corresponding period last fiscal. In spite of cuts in customs duty on cement, steel, maize, edible oil and certain other items in January, collections were up 37.1 per cent at Rs6,920 crore as against Rs5,047 crore during the same month last year.

Excise collections remained sluggish in January with a growth rate of 3.9 per cent at Rs10,428 crore against Rs10,037 crore during the same period last fiscal. For the April-January period, collections recorded a growth rate of just 6 per cent at Rs90,677 crore as against Rs85,528 crore during the corresponding period of the previous fiscal.

Service tax collections for the 9-month period ended December 2006, however, showed a growth of 64.6 per cent, touching Rs25,662 crore as against Rs15,587 crore during the corresponding period last fiscal.


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Indirect tax collections up 22.4 per cent in April-December 2006