The Hindu Business Line : Customs collection up 33.8 pc in Apr-Sept

The Centre's customs duty collections grew 33.8 per cent in the first six months of the current fiscal to touch Rs 41,735 crore as compared to Rs 31,196 crore in the same period last year.

The required growth rate in October 2006-March 2007 (remaining months) to achieve the Budget estimate of Rs 77,066 crore is 3.8 per cent. The customs duty target of Rs 77,066 crore represented a 20 per cent increase over the revised estimate of Rs 64,215 crore in 2005-06.

An official release said that customs duty collections in September 2006 stood at Rs 7,604 crore, which represented a 32.2 per cent increase over the collection level of Rs 5,750 crore recorded in the same month last year.

Excise duty collections of the Centre grew by 6.7 per cent during April-September 2006 to Rs 51,334 crore as against Rs 48,093 crore in the same period last year.

The Finance Ministry has pegged the required growth rate in excise duty collections (during October-March 2007) to achieve the Budget estimate for 2006-07 at 6.3 per cent. The Budget estimate for excise duty collections during 2006-07 stood at Rs 1,19,000 crore.

Excise duty collections during September 2006 stood at Rs 9,498 crore, which represented a 9 per cent growth over Rs 8,713 crore collected in the same month last year.

As regards service tax, the official release said that collections in April-August 2006 stood at Rs 12,412 crore. This represented a 64.9 per cent growth over Rs 7,527 crore recorded in the same period last year. In August 2006, the Centre realised service tax revenue of Rs 2,563 crore (Rs 1,603 crore).

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