New Delhi: Excise and customs duty collection of the
central government went up by 9.5 per cent in the first
six months of the current fiscal to Rs69,611 crore, against
Rs63,576 crore achieved in the same period last year.
Excise collections
for the period under review stood at Rs44,463 crore (Rs40,409
crore in April-September 2003) and customs collections
during stood at Rs25,148 crore (Rs23,167 crore in April-September
2003).
Commenting
on the collection performance, the chairman of the Central
Board of Excise and Customs (CBEC), AK Singh, told press
persons that the Board was confident of meeting the customs
duty collection target for the current fiscal. The customs
duty collections target for 2004-05 has been set at Rs54,250
crore.
He, however,
hinted that it might be difficult for the revenue department
to achieve the excise duty collection target of Rs1,09,199
crore for 2004-05 on account of the duty cuts in petroleum
products and other items.
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