Debasish Acharya
Bhubaneswar, Oct 19: While indirect tax collection has seen a growth from import segment, it has witnessed degrowth from exports side in the state till August of this year, an official of Central Excise Customs and Service Tax (CE& CT), Bhubaneswar zone said.
“The indirect tax collection has seen 44 per cent growth from imports but has reported sharp degrowth from exports segment,” the official told Orissa Post. As per the department, indirect tax collection from imports till August 2015 stood at Rs 1,085 crore against Rs 754 crore recorded over the same period last fiscal,” the official told Orissa Post.
Elaborating on tax collection from imports, the official said, Indian Oil has topped the list with payment of Rs 429 crore of import duty during this period. Similarly, Steel Authority of India Ltd (SAIL) has reported 33 per cent growth in pay out at Rs 121 crore during this period. Tata Steel paid Rs 108 crore of indirect tax till August 2015. “Total collection from top ten importers has witnessed 67 per cent growth at Rs 848 crore against Rs 506 crore reported in the same period in last fiscal,” he said.
On export duty scenario, the official said poor exports from the state has resulted in degrowth of indirect tax collection from this segment. “Tax collection from export segment has seen 95 per cent degrowth till August 2015 at Rs 5.18 crore against Rs 102.51 crore collected in the same period last fiscal,” he said.
“The revenue from top ten exporters stands nil as on August 2015 against Rs 102.09 crore recorded in the same period last fiscal. Collection from other exporters was reported to be at Rs 5.18 crore against Rs 0.42 crore a year ago,” he said. The department has reported a robust growth of 34 per cent in the first quarter of this fiscal by exceeding its collection target by Rs 600 crore, he added.
