Monday 24 February 2014

Excise, Service Tax Collections Cross Rs 10K Cr In State

Central Excise (Ahmedabad zone) has collected revenue more than Rs 10,000 crore in the period April 2013 to January 2014. The zone covers north, central and Saurashtra regions of Gujarat.


The zone collected revenue of Rs 6,559 crore in excise duty and Rs 3,941 crore in service tax during the current fiscal year. In 2012-13, the excise duty collections were Rs 8,535.84 crore while the service tax collections stood at Rs 4,691.80 crore.


For the current fiscal ending March 2014, the central excise department has kept the target of Rs 9,400 crore for excise duty collection and Rs 6,386 crore for service tax.


The department celebrated 'Central Excise Day' on Monday with a cultural programme at Tagore Hall. IIM-A director Ashish Nanda was the chief guest on the occasion. Chief commissioner, central excise, Ahmedabad zone, R K Singh said that the department had to find deviant behaviour in trade without being intrusive.


Singh also said that the department is facing staff shortage and is in the process of cadre restructuring. Top performing officers from different zones of the department were awarded certificates of appreciation by Nanda and Singh during the ceremony.


Source:- indiatimes.com





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