F. No.297/07/2015-CX.9

Govt. of India

Ministry of Finance

Department of Revenue

(Central Board of Excise and Customs)

New Delhi, the 11th August, 2015

OFFICE MEMORANDUM

Please find enclosed a press release issued by Central Board of Excise and Customs giving details of indirect tax revenue (provisional) collections during the month July 2015, along with growth rate over previous year in Annx. ‘A’ & ‘B’.

Encls: As above

(Manish Mohan Govil)

Official Spokesperson

[CBEC]

Phone No. 011- 2309 3667

 

Sh. D.S. Malik,

ADG (M&C)

Ministry of Finance.

North Block, New Delhi.

Annx. ‘A’

CBEC PRESS RELEASE DATED 11.08.2015

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

For the month July 2015

(Rs. in crores)
Tax Head		For July			Upto July			% of BE achievement
	B.E. 2015-16	2014-15	2015-16	% Growth	2014-15	2015-16	% Growth
Customs	208336	15419	18996	23.2	54594	66076	21.0	31.7
Central Excise	228157	13512	22273	64.8	47579	83454	75.4	36.6
Service Tax	209774	11871	15470	30.3	50723	60925	20.1	29.0
Total	646267	40802	56739	39.1	152896	210455	37.6	32.6

*Exclusive of cess administered by other departments.

ANNX. ‘B’

Summary of Revenue Collection during the month July, 2015

Indirect Tax Revenue (Provisional) Collections Increase from ₹ 40,802 Crore in July, 2014 to ₹ 56,739 Crore during July 2015, thus registering an Increase of 39.1% during the month July 2015 over the corresponding period in the Previous Year.

Indirect Tax Revenue (Provisional) collections have increased from ₹ 40,802 crore in July-2014 to ₹ 56,739 crore during July - 2015. Thus an increase of 39.1% has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 % of the target fixed for BE 2015-16.

Customs collections have increased from Rs.15,419 crore during July-2014 to ₹ 18,996 crore during July-2015 registering an increase of 23.2 %. This is an achievement of 31.7 % of the target fixed for BE 2015-16. Service Tax collections have increased from ₹ 11,871 crore in July-2014 to ₹ 15,470 crore during July- 2015 registering an increase of 30.3 %. This is an achievement of 29.0 % of the target fixed at BE 2015-16.

Central Excise collections have increased from ₹ 13,512 crore in July-2014 to ₹ 22,273 crore during July-2015 registering an increase of 64.8 %. This is an achievement of 36.6% of the target fixed at BE 2015-16.

Indirect tax revenue growth shows marked year on year increase and substantial progress toward budgeted collection targets. Indirect Tax Revenue (Provisional) Collections for July 2015 present month and cumulative figures for Customs, Central Excise and Service Tax, with year on year growth rates and percent achievement against the 2015 16 Budget Estimate. Central Excise shows the highest percentage increase; Customs and Service Tax record moderate increases. The release supplies these provisional metrics to monitor early fiscal year collection performance.