Indirect Tax Revenue Collections During April, 2011 – February, 2012 Rises to Rs.3,48,702 Crore; An Increase of 14.6 Percent Over the Corresponding Period of the Previous Financial Year

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....ndirect Tax Revenue Collections During April, 2011 – February, 2012 Rises to Rs.3,48,702 Crore; An Increase of 14.6 Percent Over the Corresponding Period of the Previous Financial Year <br>News and Press Release<br>Dated:- 10-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 09-March-2012 18:35 IST Indirect tax revenue collections during the month of February, 20....

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....12 rose to Rs. 31,469 Crore, an increase of 9.6 percent over the corresponding period of last financial year. Overall indirect tax collections during the period April, 2011 to February, 2012 rose to Rs 3,48,702 Crore. Last year the indirect tax collections during the period was to the tune of Rs 28,705 Crore. The detailed position of indirect tax revenue collections for and up-to the month of Feb....

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....ruary, 2012 is as follows: Rs. in crore Head For February % Growth over previous year April-February % Cumulative Growth over previous year April to Feb. 2010-11 2011-12 2010-11 2011-12 Customs 11,479 12,151 5.9% 121,588 136,214 12.0% Central Excise 12,038 12,196 1.3% 122,315 129,926 6.2% Service Tax 5,188 7,122 37.3% 60,309 82,562 36.9% Total 28,705 31,469 9.6%....

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.... 304,212 348,702 14.6% The overall growth in indirect tax revenue collection during the month of February, 2012 is around 9.6% which is 2.4% higher than last month position. Further, the progressive growth during April-February of current fiscal year has shown 14.6% over the corresponding period of last financial year. In this regard the growth in Central Excise revenue for February, 2012 is ....

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....1.3% and the overall growth in Central Excise Revenue upto February, 2012 is 6.2% showing a positive trend. The Service Tax revenue continues to be buoyant and has shown 37.3% growth during February, 2012. The Customs growth has been 5.9% during the month of February, 2012, though the growth upto February, 2012 has been 12.0%. The department has been able to achieve nearly 88.7% of Budget Estimat....

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....e up-to the month of February, 2012 in the current fiscal year. DSM/SS/GN<BR> News - Press release - PIB....