Registering an Increase of 7.4% During April-January 2015 Over the Corresponding Period in the Previous Year; Customs Collections Increase by 8.7 % While Service Tax Collections Increase by 8.3 % During the Same Period

Indirect Tax Revenue (Provisional) Collections Increase from ₹ 3,98,238 Crore in April-January 2014 to ₹ 4,27,822 Crore during April-January 2015, thus registering an Increase of 7.4% during April-January 2015 over the corresponding period in the Previous Year.

Indirect Tax Revenue (Provisional) collections have increased from ₹ 3,98,238 crore in April-January 2014 to ₹ 4,27,822 crore during April-January 2015. Thus an increase of 7.4% has been registered during April-January 2015 over the corresponding period in the previous year. This is an achievement of 68.6 % of the target fixed for BE 2014-15. 

Customs collections have increased from ₹ 1,42,835 crore during April-January 2014 to ₹ 1,55,248 crore during April-January 2015 registering an increase of 8.7%. This is an achievement of 76.9% of the target fixed for BE 2014-15. 

Service Tax collections have increased from ₹ 1,22,196 crore in April-January 2014 to ₹ 1,32,290 crore during April-January 2015 registering an increase of 8.3%. This is an achievement of 61.3% of the target fixed at BE 2014-15. 

Central Excise collections have increased from ₹ 1, 33,207 crore in April-January 2014 to ₹ 1,40,284 crore during April-January 2015 registering an increase of 5.3%.  This amounts to an achievement of 68.3% of the target fixed at BE 2014-15. 

Details of Indirect Tax revenue (provisional) collections during April-January 2015, along with growth rate compared to the corresponding period in the previous year.

For the period April - January 2015

(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	16550	16718	1.0	142835	155248	8.7	76.9
Central Excise*	205452	15330	20755	35.4	133207	140284	5.3	68.3
Service Tax	215973	12309	13086	6.3	122196	132290	8.3	61.3
Total	623244	44189	50559	14.4	398238	427822	7.4	68.6

*Exclusive of cess administered by other departments.

Indirect tax revenue increase signals higher provisional collections and partial achievement of budget estimates for the fiscal period. Provisional indirect tax revenue collections for the April-January period rose year on year, with customs, service tax and central excise all recording increases. The statement reports comparative month and cumulative figures, year on year growth rates for each tax head and the percentage of the 2014 15 budget estimate achieved by customs, service tax and central excise, presenting the aggregate provisional indirect receipts as an interim measure of revenue performance against BE targets.