Indirect tax collection has registered a growth of 50.1 per cent till November 2010 over the corresponding period last year, Revenue Secretary Sunil Mitra today said.
“On indirect tax front, our collection till November stood at 66.3 per cent of the target this year. The collection stands close to Rs 2,08,000 crore, against our target of Rs 3,15,000 crore,” Mitra said.
Customs revenue collection grew by 64.7 per cent and central excise was higher by 37.9 per cent over those last year.
Mitra said customs and central excise collections till November had already been 73.5 per cent and 57.4 per cent of their targets, respectively.
Cumulative tax collection at the end of November had reached 55.8 per cent of its target of Rs 7,45,000 crore, he said.
Direct tax mop-up stood at 50.38 per cent of the target till November, at Rs 2,16,628 crore, with a growth of 17.85 per cent over the comparable period.