How are Revenue Targets Distributed?
AFTER finalization of All India indirect tax head-wise targets, it is further allocated to the respective formations/zones of Customs, Central Excise and Service tax across the Country.
Moving targets, based on average of previous few years (sic) month-wise revenue collection trends, is communicated to all zonal offices at the beginning of the commencement of the financial year for monitoring the month wise revenue collections vis-à-vis moving targets.
At an all India level indirect tax revenue is monitored by TRU with regard to economic parameters viz., Quarterly release of GDP and monthly release of IIP, Imports, WPI inflation, etc.
All zonal heads do a detailed analysis of revenue viz. top assessees wise, sector-wise,additional revenue measures, etc. and report to the Board on a monthly basis. Further,conferences including video conferencing and meetings are held regularly at the level of the Board and above with field offices to ascertain the reasons for variations in revenue trends with regard to all India growth, on a regular basis.
The estimates of revenue are done regularly throughout the year. However, in the process of Budget Formulation, this is disclosed only once annually as BE/RE.
The Directorate of Data Management (DODM) and DG (System) are entrusted with the work to monitor and maintain the on line data warehouse (EDW/ACES/ICEGATE) on various technical and revenue matters that are being utilized to fulfil (sic) the need of Department/Ministry for analytical reports.
TRU has two Joint Secretaries, five Director/DS level officers and 13 Under Secretaries/Technical officers. Out of these, the statistical section consists of one Deputy Secretary and three officers from the Indian Statistical Services (ISS). The statistical section of TRU mainly looks after the work relating to forecasting, analysing and monitoring of revenue targets. Sector alanalysis and impact of policy changes is dealt with by respective commodity officers (Under Secretary/Technical Officers).