Industry & Economy
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Taxation
Indirect tax collections up 11.7 pc in April-Nov
Our Bureau
New Delhi
,
Dec. 14
THE Centre's indirect tax collections for the period April-November 2004 surged 11.73 per cent to touch Rs 1,02,553.25 crore as against Rs 91,790.21 crore recorded during the same period in the previous financial year.
While customs duty collections for the period under review increased by 12.1 per cent to Rs 35,720.24 crore (Rs 31,863.73 crore), excise duty collections stood at Rs 59,819.26 crore (Rs 55,605.40 crore).
An official release said that service tax collections during the first eight months have increased by 62.31 per cent compared to the same period last year.
Meanwhile, the Finance Ministry's release also said that more than 1,43,000 service providers obtained registration in the special camps organised by the Central Excise Department across the country during October and November for on-the spot registration.
During April-November, customs duty amounting to Rs 167.63 crore has been realised from "unscrupulous importers" and show-cause notices demanding duty of Rs 745.24 crore have been issued.
From April 1 to December, the Revenue Department has issued notices demanding duty of Rs 1,450 crore to "unscrupulous manufacturers" who were evading Central excise duty.
The major commodities, which have been found to be evasion prone are automobile components and parts, iron and steel products, pan masala, gutkha, chewing tobacco, polyester yarn and bulk drugs.
Further, the total value of narcotic drugs seized during the first eight months of the financial year is approximately Rs 53 crore.
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