48.8% increase in Excise Duty Collection
GOVERNMENT has received excise duty of Rs.1.53 lakh crore during April-August, 2016 as compared to Rs. 1.03 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 48.8%.
Service Tax received during April-August, 2016stood at Rs.92,696 crore as compared to Rs. 75,219 crore during the corresponding period in the previous Financial Year, thereby registering a growth of 23.2%.
Receipts on account of Customs during April-August 2016 stood at Rs. 90,448 crore as compared to Rs. 85,557 crore during the same period in the previous Financial Year, thereby registering a growth of 5.7%.
Total indirect taxes receipts during this period amounted to Rs 3.36lakh crore which is 27.5% more than the net collections for the corresponding period last year.