The Hindu Business Line : Bangalore zone gets Rs 425-cr Central Excise from auto sector

The Bangalore Zone Chief Commissioner of Central Excise, Mr N. Krishnamurthy, told Business Line that the industry's contribution rose 31 per cent to Rs 425 crore during the first half of the current fiscal.

He said Toyota-Kirloskar is the largest contributor among the auto manufacturers and component makers with its collections rising 26 per cent to Rs 300 crore during the first half the current fiscal. He said during 2003-04, Toyota contributed Rs 510 crore.

Auto component maker Mico's contribution rose 32 per cent to Rs 58 crore during the first half of the current fiscal. During 2003-04, Mico's contribution was Rs 98 crore.

Truck maker Volvo contributed Rs 16 crore during April-September 2004. During the same period last year, Volvo's contribution was Rs 6 crore. For 2003-04, Volvo's contribution was Rs 22 crore.

The passenger car segment contributed Rs 4.29 crore during 2003-04. But during the first half of the current fiscal, its contribution to the Central Excise kitty rose to Rs 30 crore.

Mr Krishnamurthy said Bangalore Central Excise expects a 4 per cent increase in collections to Rs 3,896 crore during the current fiscal with ITC leading the collections.

He said that during the first half of this fiscal, the collection was Rs 1,860 crore. Out of this, Rs 1,629 crore was from central excise, which grew 9 per cent, compared with the same period last year and the rest was under service tax, which grew 61 per cent.

The Bangalore zone has seven districts under its fold. During 2003-04, the Bangalore zone collected Rs 3,362 crore towards central excise duties and Rs 373 crore as service taxes. The Bangalore Customs generated revenues of Rs 1,934 crore in the first half of the current financial year.

He said a service tax commissionerate has been set up in the zone exclusively for administering service tax. The commissionerate has three service tax divisions.

Currently, 70 services come under the service tax net including 12 new services like airport services, outdoor catering and business exhibition services.

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