Business Economy 10 Feb 2017 Central excise colle ...

Central excise collection rises 26.3 per cent in January: Hasmukh Adhia

DECCAN CHRONICLE
Published Feb 10, 2017, 1:00 pm IST
Updated Feb 10, 2017, 2:04 pm IST
Net collection for customs and service tax up by 10.1 per cent and 9.4 per cent respectively in January 2017.
Revenue Secretary Hasmukh Adhia.
 Revenue Secretary Hasmukh Adhia.

Mumbai: The Government on Friday came up with statistics on central excise collections in January 2016.

Revenue Secretary Hasmukh Adhia said there was a 26.3 per cent increase in net collection for central excise during month of January 2017 compared to corresponding month last year.

 

“During January 2017, the net indirect tax grew at the rate of 16.9 per cent compared to corresponding month last year,” Adhia said.

According to Adhia tax collection figures up to January 2017 show consistent trend of healthy growth.

Net collection for customs and service tax up by 10.1 per cent and 9.4 per cent respectively in month of January 2017 compared to corresponding month last year.

Net indirect tax collections upto January
Tax 2016-17(Apr-Jan) Rs lakh crore 2015-16(Apr-Jan) Rs lakh crore Growth(%)
Central Excise 3.13 2.23 40.52 per cent
Service Tax 2.03 1.66 22.0 per cent
Customs 1.86 1.77 4.7 per cent
Source: Finance Ministry

 

 

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