New Delhi: Government today said it has collected Rs 3.77 lakh crore, or 60.6 percent, of budget target for indirect tax by December 2014.
The indirect tax revenue collection was Rs 3.54 lakh crore in April-December 2013.
"Thus an increase of 6.7 percent has been registered during April-December 2014 over the corresponding period in the previous year. This is an achievement of 60.6 percent of the target fixed for 2014-15 Budget Estimate," the Finance Ministry said in a statement.
Giving details, it said December excise duty collection at Rs 17,450 crore witnessed a jump of 17.2 percent over the corresponding month of 2013-14 fiscal.
The customs duty mop (at Rs 15,222 crore) was up by 5.4 percent in December on an annual basis.
On the other hand, the service tax collections shrunk by 5.2 percent to Rs 16,979 crore in December compared to similar month of the last fiscal. However, during April-December period, it increased 8.7 percent on annual basis.
Total indirect tax collection in December was Rs 49,651 crore, up 5.1 percent from Rs 47,235 crore collected in similar month of the last fiscal.
During April-December period of the current fiscal, government has met 68.6 percent budget target for customs duty collection and 58.3 percent and 55.3 percent for central excise and service tax, respectively.
