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of <h1>Revenue Shortfall Alert: Finance Ministry Urges Customs & Excise to Boost Collections, Meet 2014-15 Targets.</h1> The Ministry of Finance's Department of Revenue issued a circular to Chief Commissioners of Customs, Central Excise, and Service Tax, addressing the shortfall in revenue collections compared to targets for the fiscal year 2014-15. Despite a target of Rs. 6,23,244 crore, only Rs. 3,77,648 crore was collected up to December 2014, showing insufficient growth. The circular emphasizes the need for collective efforts to meet targets, with revenue performance being closely monitored. Officers are urged to analyze revenue growth, identify shortfalls, and submit monthly reports to facilitate structured discussions in upcoming review meetings.
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