Customs duty News
Customs duty collection falls 8.8% Indirect tax collections recorded a modest growth of 10.4 per cent at Rs 33,045 crore in April 2012, against Rs 29,936 crore in the year ago period, as customs’ collections fell by 8.8 per cent due to duty drawback outgo and cut in duty on petroleum products last year.
This rise in collections in the first month of the financial year is significantly lower than the government’s target of
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