Over Rs.6,000 crore from automobile excise in April-January 2010-11
February 24th, 2011 - 5:48 pm ICT by IANSNew Delhi, Feb 24 (IANS) Government revenue from excise duty on the automobile sector grew by 32.90 percent and stood at Rs.6,197.99 crore in the first nine months of the fiscal 2010-11, parliament was told Thursday”Government in the form of excise duty from the automobile sector, including scooters, for the period 2010-11 (April-January) is Rs.6,197.99 crore as compared to Rs.4,663.73 crore in the corresponding period in the last year, showing a growth of 32.90 percent,” Minister of State for Heavy Industries A. Sai Prathap told the Lok Sabha.
As per data provided by the Society of Indian Automobile Manufacturers (SIAM), the sale in automobile sector grew by 27.56 percent during the first nine months and stood at 1,26,76,247 units as compared to 99,37,850 units during the corresponding period in the last fiscal, he said.
Meanwhile, the country exported 19,37,170 units of automobiles, including scooters, during the first nine months of the current fiscal year.
“As per SIAM, the total exports of automobiles, including scooters, during the period 2010-11 (April-January) is 19,37,170,” Prathap said.
- 'Automobile sales to rise 10-12 percent in 2012-13' - Apr 10, 2012
- Excise duty hike pushes auto sales up in March (Roundup) - Apr 02, 2012
- Delhi sees 23 percent increase in tax collection - Jan 18, 2012
- Indian automobile sales zoom 31 percent in 2010 (Lead) - Jan 11, 2011
- Government hopes to meet indirect tax collection target - Feb 08, 2012
- Auto industry welcomes rate cut - Apr 17, 2012
- Kingfisher Airlines third quarter loss at Rs.444 crore - Feb 16, 2012
- Indirect tax mop-up surges 46 percent to Rs.1,24,170 crore - Sep 14, 2010
- India raises export target to $220 billion - Feb 12, 2011
- Auto sales up 22.2 percent in November - Dec 08, 2011
- Passenger car sales down 9.26 percent in August - Sep 09, 2011
- Hero Motocorp's scrip down 7 percent - May 03, 2012
- Core industries growth slumps to 0.5 percent in January - Feb 28, 2012
- High interest rate, fuel prices slow down car sales (Lead) - May 10, 2012
- GAIL's second quarter net up 18.50 percent - Oct 24, 2011
Tags: automobile sector, automobiles, crore, current fiscal year, excise duty, first nine months, government revenue, heavy industries, indian automobile manufacturers, Lok Sabha, minister of state, New Delhi, parliament, rs 6, scooters