NEW DELHI -(Dow Jones)- India's revenue from import and excise tariffs rose 18.6% on year in October to INR196.46 billion from INR165.69 billion, a Finance Ministry statement said Wednesday.
Customs import tax revenue in October rose 24.7% on year to INR93.53 billion compared with INR75.03 billion a year earlier, the statement said.
Service tax revenue in September grew 39.8% to INR49.47 billion on year compared with INR35.38 billion.
From April-October, the first seven months of the current financial year, revenue from import and excise taxes grew 11.9% on year to INR1.2 trillion compared with INR1.09 trillion.
In the same period, revenue from import tax grew 17.4% on year to INR578.33 billion, while excise collection was up 7.5% at INR649.48 billion.
The Indian government aims to collect INR5.48 trillion in revenue from import, excise and service taxes in the current fiscal year to March 31, 2008.
Customs import tax revenue in October rose 24.7% on year to INR93.53 billion compared with INR75.03 billion a year earlier, the statement said.
Service tax revenue in September grew 39.8% to INR49.47 billion on year compared with INR35.38 billion.
From April-October, the first seven months of the current financial year, revenue from import and excise taxes grew 11.9% on year to INR1.2 trillion compared with INR1.09 trillion.
In the same period, revenue from import tax grew 17.4% on year to INR578.33 billion, while excise collection was up 7.5% at INR649.48 billion.
The Indian government aims to collect INR5.48 trillion in revenue from import, excise and service taxes in the current fiscal year to March 31, 2008.
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