Indirect tax collections during the first half of the current fiscal grew 25.9 per cent to Rs4.08 lakh crore mainly on account of 46 per cent jump in excise duty mop up. The net indirect tax collection in the April-September period accounts for 52.5 per cent of the Budget 2016-17 estimates.
A finance ministry statement said net tax collections of central excise jumped 46.3 per cent to Rs1.83 lakh crore during April-September, as compared to Rs1.25 lakh crore in the year-ago period. Net service tax mop up during April-September grew 22.1 per cent to Rs1.16 lakh crore, compared to Rs95,780 crore during the 6-month period of last fiscal. Net customs duty collection during the six month period of 2016-17 stood at Rs1.08 lakh crore as compared to Rs1.03 lakh crore, a growth of 4.8 per cent.