Indirect Taxes Exemption – Revenue Foregone
The area based exemptions on excise duty cost us Rs. 10327 Crores while the total excise exemption cost is Rs. 1.28 Lakh Crores.
The Customs Duty foregone works out to around Rs. 2.206 Lakh Crores.
The total Tax Revenue of the Central Government is estimated at Rs. 6.41 Lakh Crores of which Direct Taxes will contribute Rs. 3.7 Lakh Crores and Indirect taxes about Rs. 2.7 Lakh Crores.