Indirect tax kitty up 50% in Apr-Nov

KOLKATA: Indirect tax collection has registered a growth of 50% till November 2010 over the corresponding period last fiscal, revenue secretary Sunil Mitra said.

"On the indirect tax front, our collection stood at 66.3% of target this year till November. 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% and central excise was higher by 37.9% over last year.

Mitra said customs collections and central excise till November already achieved 73.5% and 57.4% of their respective targets.

Cumulative tax collection at the end of November had reached 55.8% of its target of Rs 7,45,000 crore, he said.
Direct taxes stood at 50% of the target till November at Rs 2,16628 crore with a growth rate of 17.8% over the comparable period.