Hyderabad Central Excise Zone collects 12,680 cr

Hyderabad Central Excise Zone collects 12,680 cr
Highlights

Hyderabad Zone of Central Excise collected revenue of Rs 12,680 crore during the financial year up to January during 2015-16 as against Rs 11,726 crore during the previous financial year. The revenue collection for the financial year 2015-16 is expected to be about 30 per cent higher than the previous financial year.

Hyderabad: Hyderabad Zone of Central Excise collected revenue of Rs 12,680 crore during the financial year up to January during 2015-16 as against Rs 11,726 crore during the previous financial year. The revenue collection for the financial year 2015-16 is expected to be about 30 per cent higher than the previous financial year. The Hyderabad Customs, Central Excise and service tax zone has seven Commissionerates extending over the 10 districts of Telangana State.

The field formations of Central Excise are responsible for the collection of Central excise duty and service tax, checking the avoidance or evasion of the duty or tax payable, supervision of exports, administering EOUS and SEZS, dispute resolution etc.

The department over the years has evolved from physical control to an era of self-assessment and e-filing of returns, in the Official Website called ACES. The Central Excise Day-2016 would be celebrated at Ravindra Bharathi in the city on February 24.

The function would be presided over by Chief Commissioner of Customs, Central Excise and Service Tax R Shakuntala and Chief Secretary Rajiv Sharma would be the chief guest for the function. The department would felicitate top Central Excise and Service Tax assesses, meritorious performers and distinguished sportspersons and cultural artistes of the department.

Central Excise Day is celebrated to commemorate the enactment of Central Excises and Salt Act, on February 24, 1944 by consolidating the laws relating to Central Duties of Excise on various commodities, including salt. The Central Excise Day is celebrated to motivate and encourage the officers of the Central Excise Department to instill a sense of belongingness to the department; to recognise and felicitate the honest tax payers, and to rededicate themselves for better tax administration.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
More Stories


Top