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Customs exemptions cost Rs 92,561 crore

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Team BS New Delhi
Last Updated : Jan 22 2013 | 11:48 PM IST
This was stated in a statement on revenue forgone, which was included for the first time in the Budget. "An attempt has been made, in this first year of publication of this document, to take a broad approach and include estimates of the revenue loss associated only with major tax preferences. As computerisation of the management systems of the income-tax department and customs and central excise department progress, it will significantly improve the government

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First Published: Feb 28 2006 | 8:42 PM IST

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