Customs duty collections up 32.8% to Rs 18,116 crore in September The governments customs duty collections grew 32.8% to Rs 18,116 crore in September 2014, indicating that domestic economy and investment cycle may have turned with increased non-oil imports contributing to the rise in collections. However, 0.4% contraction in excise collections to Rs 14,288 crore indicates that manufacturing remains sluggish. The Narendra Modi-led government, which assumed charge in May, is trying to speed up project clearances and has launched a Make in India initiative to boost manufacturing in the country.
Posted on: Fri, 17 Oct 2014 10:07:39 +0000
Trending Topics
Recently Viewed Topics
© 2015