KOLKATA: Indirect tax collection has registered a growth of 50% till November 2010 over the corresponding period last fiscal, revenue secretary Sunil Mitra said.
"On the indirect tax front, our collection stood at 66.3% of target this year till November. The collection stands close to Rs 2,08,000 crore against our target of Rs 3,15,000 crore," Mitra said.
Customs revenue collection grew by 64.7% and central excise was higher by 37.9% over last year.
Mitra said customs collections and central excise till November already achieved 73.5% and 57.4% of their respective targets.
Cumulative tax collection at the end of November had reached 55.8% of its target of Rs 7,45,000 crore, he said.
Direct taxes stood at 50% of the target till November at Rs 2,16628 crore with a growth rate of 17.8% over the comparable period.
Read more: Indirect tax kitty up 50% in Apr-Nov - The Times of India http://timesofindia.indiatimes.com/business/india-business/Indirect-tax-kitty-up-50-in-Apr-Nov/articleshow/7103010.cms#ixzz189UqDu5w
"On the indirect tax front, our collection stood at 66.3% of target this year till November. The collection stands close to Rs 2,08,000 crore against our target of Rs 3,15,000 crore," Mitra said.
Customs revenue collection grew by 64.7% and central excise was higher by 37.9% over last year.
Mitra said customs collections and central excise till November already achieved 73.5% and 57.4% of their respective targets.
Cumulative tax collection at the end of November had reached 55.8% of its target of Rs 7,45,000 crore, he said.
Direct taxes stood at 50% of the target till November at Rs 2,16628 crore with a growth rate of 17.8% over the comparable period.
Read more: Indirect tax kitty up 50% in Apr-Nov - The Times of India http://timesofindia.indiatimes.com/business/india-business/Indirect-tax-kitty-up-50-in-Apr-Nov/articleshow/7103010.cms#ixzz189UqDu5w
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