The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is removed, the growth rate in Q1 is 10.2%[Customs: 11.2%, Central Excise: 13.9% & Service Tax: 4.3%]. The details of Indirect tax revenue collections(prov.) in Q1, 2016-17 vis-à-vis Q1,2015-16, along with growth rate compared with the corresponding period of the previous year is tabulated below as:-
Tax Head |
BE |
June |
April-June |
% of BE achievement |
2016-17 |
2015-16 |
2016-17 |
% Growth |
2015-16 |
2016-17 |
% Growth |
Customs |
230000 |
17414 |
18507 |
6.3 |
47450 |
54808 |
15.5 |
23.8 |
Central Excise* |
317000 |
21949 |
30982 |
41.2 |
60787 |
91225 |
50.1 |
28.8 |
Service Tax |
231000 |
16914 |
18266 |
8.0 |
44503 |
53757 |
20.8 |
23.3 |
Total |
778000 |
56277 |
67755 |
20.4 |
152740 |
199790 |
30.8 |
25.7 |
* Exclusive of cess administered by other Departments.
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