During November, the customs duties collections climbed by 15.2% to Rs 100,062 crore and service tax collections also increased by 43 per cent to Rs 7,232 crore. Overall indirect tax collections rose by 6.36% to Rs 31,082 crore against Rs 29,222 crore reported a year ago.
The Central Board of Excise and Customs (CBEC) Chairman SK Goel said, "I am optimistic of achieving the revised indirect tax targets of over Rs 4 lakh crore."
In November, domestic car sales have gone up by 7%, this increase in industry has raised hopes of increase in excise collection.
Goel said “We have achieved 63.04 % of budget estimates of indirect taxes till November against 62.83 % in the same period of the previous fiscal … I am optimistic of achieving the revised indirect tax target of over Rs.4-lakh crore”. By adding further he said, "there has been a fall in Central Excise, which is a matter of concern.... I have called a meeting to discuss why central excise is showing negative growth."