Courtesy: Indian Express
Mangalore, Feb 24: Revenue achieved by Mangalore central excise in 2005-06 contributed three per cent of the national revenue of Rs 85,000 crore.
“The central excise revenue which stood at Rs 3,008.48 crore registered an increase of Rs 1,204.19 crore in comparison with the previous revenue and the growth per centage at 66.74 per cent is higher than all India average of about 11 per cent,” Mangalore central excise commissioner Dr John Joseph said on Thursday February 23.
Dr Joseph told reporters at the conference hall in Trade Centre that ONGC-MRPL contributed nearly 93 per cent of the total revenue of the Mangalore commissionerate and the remaining revenue came from paper, biris, iron and steel.
The service tax revenue up to January 2006 had recorded a growth of 50 per cent than that of the previous year.
“The banking sector has been the biggest contributor,” he said. To discourage tax evasions, anti-evasion and audit teams formed have registered an increase of 69 per cent in recovery compared to previous year and 60 per cent increase in the amount involved.
With the closure of KIOCL, the commissionerate which covers Mangalore, Udupi and Uttara Karnataka expects a dip in revenue between Rs 5 and 6 crore.
Dr Joseph said the commissionerate hoped to exceed its target of Rs 4,800 crore for the fiscal year. He predicted a bright future for the region if SEZ becomes a reality in the city.
The department, he said, had introduced many reforms like filing monthly returns on the web to reduce corruption and e-payment facility for the assesses. The commissionerate this time would mark Central Excise Day celebrations on February 24 (on this day the Central Excise Act was passed) in a befitting manner.
Commissioner of Customs Jasdeep V Singh will inaugurate an industry interaction meet planned at Shanthi Church hall in Balmatta and Dr John Joseph will preside over the function. SDM College of Business Management Principal Dr K Devaraj will be the chief guest.
Central excise assistant commissioner (central excise) S Rajagopal, assistant commissioner (service tax) E Karunakaran, assistant commissioner (central excise) V Kannathasan and central excise superintendent Egbert Pereira were also present.