Customs, Excise record an increase of 8.5% in Q1

New Delhi, July 11: The revenue collection from indirect tax (excluding service tax) increased by 18.5 per cent during April-June 2006 over the corresponding period of previous year.

Of this, collections from customs and excise showed an increase of 34 per cent and 8.1 per cent respectively. The collections from service tax upto May 2006 showed an increase of 58.2 per cent.

Likewise, the indirect tax revenue collections from customs and excise during June 2006 showed an increase of 19.0 per cent over the corresponding month last year.

During June 2006, revenue collections showed an increase of 42 per cent from customs and 5.4 per cent from Excise. Service tax collections in May, 2006 showed an increase of 57.1 per cent over the corresponding month last year.

UNI