“After last month’s performance, the numbers bring some relief. This shows an up-tick in the industrial activity. Customs has also shown growth even though the gold imports have come down,” a government official said.
During the month, excise duty collection stood at Rs 14,082 crore as against Rs 13,608 crore during the same period a year ago. The mop up from excise duty had declined 7.4 per cent at Rs 12,797 crore in July. For the first five month period, the collection from central excise was down 8.3 per cent at Rs 62,107 crore as against Rs 67,725 crore.
The overall indirect tax collection from service tax, central excise and customs during the April-August period was Rs 1,86,938 crore as against Rs 1,79,633 crore during the same period a year ago. The collection from central excise needs to grow at the rate of 11.8 per cent to achieve the Budget target of Rs 5.65 lakh crore. Customs duty raked in Rs 14,473 crore during August, up 9.8 per cent.