Revenue collections from indirect taxes i.e. Customs, Central Excise and Service Tax has increased by 42.4% at All India level in the first seven months of the current financial year 2010-11 i.e. April - October 2010 over the previous year collections made during the same period i.e. April - October 2009.
Total revenue collections from the indirect taxes at All India Level during April - October 2010 stood at Rs. 1,80,261 crore which is 57.5% of the Budget Estimates (BE) for 2010-11.
Maximum revenue collections to the tune of Rs. 75, 349 crore have been made from Customs alone during April - October 2010 which is 65.9% higher than the collections made in the previous year during the same period i.e. April - October 2009.
Revenue collections from Central Excise was to the tune of Rs. 71,078 crore during the period April - October 2010 which is 36.2% higher than the collections made in the corresponding period during the previous year (April - October 2009).
Revenue collections from Service Tax stood at Rs. 33,833 crore at All India level during April - October 2010 which is 16.9% higher than the collections made in the corresponding period during the previous year (April - October 2009).
Thus, total revenue collections from indirect taxes i.e. Customs, Central Excise and Service Tax stood at Rs.1,80,261 crore at All India level during April - October 2010 which is 42.4% higher than the collections made from indirect taxes during the corresponding period in the previous year (April - October 2009). Beside, these overall indirect tax collections are 57.5% of BE 2010-11. Revenue growth from indirect taxes signals stronger collections in the April-October period compared with the prior year. Revenue collections from indirect taxes rose 42.4% in April-October 2010 versus the same period in 2009, totaling Rs. 1,80,261 crore and amounting to 57.5% of the 2010-11 Budget Estimates. Customs led with Rs. 75,349 crore (up 65.9%), Central Excise contributed Rs. 71,078 crore (up 36.2%), and Service Tax accounted for Rs. 33,833 crore (up 16.9%).
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Revenue growth from indirect taxes signals stronger collections in the April-October period compared with the prior year.
Revenue collections from indirect taxes rose 42.4% in April-October 2010 versus the same period in 2009, totaling Rs. 1,80,261 crore and amounting to 57.5% of the 2010-11 Budget Estimates. Customs led with Rs. 75,349 crore (up 65.9%), Central Excise contributed Rs. 71,078 crore (up 36.2%), and Service Tax accounted for Rs. 33,833 crore (up 16.9%).
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