Date:05/04/2007 URL: http://www.thehindubusinessline.com/2007/04/05/stories/2007040501172100.htm

Back Central excise collections go up in Vizag

Our Bureau

Visakhapatnam April 4 The central excise, customs and service tax collections in Visakhapatnam zone during 2006-07 surpassed the target and registered 16 per cent growth over the previous year, according to a press release issued by the Chief Commissioner, Mr P.N. Vittal Dass.

According to the release, the target fixed for the zone comprising 13 revenue districts of coastal Andhra and Rayalaseema was Rs 9,910 crore and the actual collection was Rs 10,189 crore - Rs 7,026 crore in central excise tax, Rs 2,700 crore in customs revenue and Rs 463 crore in service tax. During the previous year (2005-06), the total revenue under the three heads was Rs 8,756 crore.

The commissioner said in the release that in the current budget the Union Government had made e-payment mandatory for all assessees paying tax above Rs 50 lakh. The same would hold good for service taxpayers too, he added.