Union excise duty collection fell 12% in first five months of FY24

The excise kitty dropped 18 per cent in August, shows CGA data

Union excise duty collection dropped 18 per cent in August year-on-year at a time when the overall central tax kitty rose about 94 per cent before devolution to the states.

The mop-up from Union excise duty declined to Rs 23,576 crore in August this year compared to Rs 28,816 crore in the same month a year ago.

On the other hand, total tax collection rose to Rs 2.9 trillion in the month as against Rs 1.5 trillion in August 2022-23, shows the data released by the Controller General of Accounts (CGA).

Excise duty receipts not only declined year-on-year but month-on-month