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Industry & Economy - Excise and Customs
Customs duty collections up 34 pc in April-Aug

Our Bureau

New Delhi , Sept. 5

The Centre's customs duty collections continue to be buoyant in the current fiscal. The latest data available with the Central Board of Excise and Customs (CBEC) show that customs duty collections have surged by 34.05 per cent during April-August to Rs 34,110 crore compared with Rs 25,446 crore in the corresponding period last year.

A CBEC spokesperson said that customs duty collections in August 2006 stood at Rs 7,407 crore, up by 30.08 per cent compared with Rs 5,694 crore recorded in the corresponding period last year.

Customs duty collections had grown by 33.5 per cent during the first four months of the current fiscal. For 2006-07, the Centre has pegged the customs duty collections target at Rs 77,066 crore. This represented a 20 per cent increase over the revised estimate of Rs 64,215 crore in 2005-06.

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