Registering an Increase of 6.7% During April-December 2014 over the Corresponding Period in the Previous Year; Customs Collections Increase by 9.7 % While Service Tax Collections Increase by 8.7 % During the Same Period

  Indirect Tax Revenue (Provisional) collections have increased from ₹ 3,54,049 crore in April-December 2013 to ₹ 3,77,648 crore during April-December 2014. Thus an increase of 6.7 % has been registered during April-November 2014 over the corresponding period in the previous year. This is an achievement of 60.6% of the target fixed for BE 2014-15

Collections from Customs increased from ₹ 1,26,285 crore during April-December 2013 to ₹ 1,38,529 crore during April-December 2014 registering an increase of 9.7 %. This is an achievement of 68.6% of the target fixed for BE 2014-15.

Service Tax collections have increased from ₹ 1,09,887 crore in April-December 2013 to ₹ 1,19,400 crore during April-December 2014 registering an increase of 8.7%. This amounts to an achievement of 55.3 % of the target fixed at BE 2014-15.

  Central Excise collections have increased from ₹ 1,17,887 crore in April-December 2013 to ₹ 1,19,719 crore during April-December 2014 registering an increase of 1.6%. This amounts to an achievement of 58.3 % of the target fixed at BE 2014-15.

Details of Indirect Tax revenue (provisional) collections during April-December 2014, along with growth rate compared to the corresponding period in the previous year.

For the period April – December 2014

(Rs. in crores)

Tax Head		For the month		% Growth	Upto the month		% growth	% of BE achieved
	B.E. 2014-15	2013-14	2014-15		2013-14	2014-15
Customs	201819	14441	15222	5.4	126285	138529	9.7	68.6
Central Excise*	205452	14889	17450	17.2	117877	119719	1.6	58.3
Service Tax	215973	17905	16979	-5.2	109887	119400	8.7	55.3
Total	623244	47235	49651	5.1	3540494	377648	6.7	60.6

*Exclusive of cess administered by other departments.

Indirect tax revenue growth signals improved collections with customs and service tax aiding BE target progress. Indirect tax revenue (provisional) collections increased 6.7% for April-December 2014 over the corresponding period in 2013, achieving 60.6% of the Budget Estimate for 2014-15. Customs rose 9.7% (68.6% of BE), Service Tax rose 8.7% (55.3% of BE), and Central Excise rose 1.6% (58.3% of BE); central excise totals exclude cess administered by other departments.