The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to October 2016 show that net revenue collections are at ₹ 4.85 lakh crore which is 26.7% more than the net collections for the corresponding period last year. Till October 2016, 62.4% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.

As regards Central Excise, net tax collections stood at ₹ 2.14 lakh crore during April-October, 2016 as compared to ₹ 1.47 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 45.4%.

Net Tax collections on account of Service Tax during April-October, 2016 stood at ₹ 1.43 lakh crore as compared to ₹ 1.12 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 26.9%.

Net Tax collections on account of Customs during April-October 2016 stood at ₹ 1.27 lakh crore as compared to ₹ 1.22 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 4.1%.

Indirect tax collection growth signals stronger revenue realisation, with substantial progress toward budgeted estimates this fiscal year. Indirect tax collections for April-October 2016 show year on year growth and progress against the fiscal year budget: net indirect tax receipts aggregated to Rs. 4.85 lakh crore up to October 2016 (26.7% increase) and achieved 62.4% of the Budget Estimates for FY 2016-17. Componentwise, Central Excise grew 45.4%, Service Tax 26.9%, and Customs 4.1%, reflecting varied sectoral contributions to aggregate indirect tax performance.