The Central Board of Excise and Customs has issued a press release dated October 10, 2016 giving details of indirect tax revenue collections which stands at Rs 4.08 lakh Crore upto September 2016 registering a growth of 25.9 % over corresponding period last year. Till September 2016, 52.5% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.
As far as Central Excise collections upto the month of September 2016 are concerned, it stands at Rs.1.83 lakh Crore during April-September, 2016, in comparison to Rs.1.25 lakh Crore in the corresponding period of previous year registering a growth of 46.3%.
Further, tax collections for Service tax stood at Rs 1,16,975 Crore upto the month of September 2016 in comparison to Rs. 95,780 Crore during the same period in last year and there by registering a growth of 22.1% in this period.
Tax collections on account of Customs stands at Rs. 1.08 lakh Crore upto the month of September 2016 as compared to Rs. 1.03 lakh Crore during the same period in last year and there by registering a growth of 4.8% in this period.
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