MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S. PALANIMANICKAM)
(a) Based on the information collected from field formations
and office of Principal Chief Controller of Accounts, the
provisional revenue collection from various heads of
indirect taxes viz., Customs, Central Excise and Service
Tax was Rs. 30,288 crore, Rs. 27,773 crore and Rs. 10,401
crore respectively during the first quarter of current financial year 2010-11.
(b) The indirect tax targets are prescribed on annual basis.
A comparison between the actual revenue collections during
the first quarter of the year with the targets fixed for
the entire year would be premature.
(c) Regular monitoring of revenue collection and analysis of the
causal factors is being done at national, zonal and
commissionerate level. Audit and anti-evasion measures have
also been strengthened to increase the level of tax compliance.