Revenue collections from indirect taxes comprising, Customs, Central Excise and Service Tax, has increased by 42.3 per cent to Rs 2,07,756 crore during April-November this year as against Rs 1,45,958 crore posted in the same period last year, according to an official data released here.The indirect tax collections for the first eight months from April-November 2010 constitute an achievement of 66.3 per cent of the overall target of Rs 3,13,471 crore fixed for 2010-11.
Revenue collections from customs has increased to Rs 86,844 crore during April-November 2010, a 67 per cent higher than the previous year's collections of Rs 52,011 crore in the same period.This constitutes an achievement of 75.5 per cent of the target of Rs 1,15,000 crore for the whole year 2010-11.Revenue collections from central excise has increased by 34.4 per cent to Rs 81,984 crore during the period April-November 2010 as compared to Rs 61,020 crore collected during the same period last year.This constitutes an achievement of 62.8 per cent of the target of Rs 1,30,471 crore fixed for the current financial year 2010-11.As far as revenue collections from service tax for the period April-November 2010 is concerned, a collection of worth Rs 38,927 crore was made during this period which constitutes an increase of 18.2 per cent over the previous year's collections of Rs 32,927 crore during the same period.
The collections made in the first eight months of the current financial year constitute an achievement of 57.2 per cent of the overall target of Rs 68,000 crore fixed for the full financial year 2010-11, the data said.
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