Excise collection 79% more than pre-Covid levels
The Hindu
In the full 2020-21 fiscal, excise collections were ₹3.89 lakh crore and in 2019-20, it was ₹2.39 lakh crore, CGA data showed
The government's collection from levy of excise duty on petroleum products has risen 33% in the first six months of the current fiscal when compared with last year and is 79% more than pre-Covid levels, official data showed.
Data available from the Controller General of Accounts (CGA) in the Union Ministry of Finance showed excise duty collections during April-September 2021 surging to over ₹1.71 lakh crore, from ₹1.28 lakh crore mop-up in the same period of the previous fiscal.
Thanks to a steep hike in excise duty rates, the collection is 79% more than ₹95,930 crore mop-up in April-September 2019.
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