Indirect Tax collection up 13.8% in June qtr

"In the April-June quarter with a receipt of Rs 1,07,959 crore, we have achieved a growth of 13.8% over Rs 94,849 crore collection in the corresponding period last year," Central Board of Excise and Customs (CBEC) Chairman S K Goel told reporters here.

In the June quarter of current fiscal, the collection from Customs rose 12.2% to Rs 38,744 crore. Revenue mop up from excise duty was also up by 29.8% at Rs 41,147 crore.

Service Tax collection rose by 40.8% to Rs 28,068 crore. Goel said the collection from customs duty was comparatively less in the June quarter mainly of account of higher duty drawbacks given in the first two months. "In the coming months, we expect a pick up in collection from customs," he said.

For the month of June, indirect tax collection grew by 14.8% to Rs 37,748 crore. While collections from customs duty stood at Rs 13,284 crore, excise mop up during the month stood at Rs 13,849 crore. Besides, service tax collection was at Rs 10,615 crore.

The government has fixed indirect tax comprising customs, excise and service tax-- collection target at Rs 5.05 lakh crore for the current fiscal, an increase of about 27% from 2011-12 target.

The indirect tax mop-up in 2011-12 at Rs 3,92,781 crore was 99.6% of the Budget Estimate. The gross direct tax collections in the April-June period grew by 6.77% to Rs 1.11 lakh crore, less than the targeted annual growth of 15%.