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TMI BlogImpact of Demonetisation and GST on key Industrial SectorsX X X X Extracts X X X X X X X X Extracts X X X X ..... Impact of Demonetisation and GST on key Industrial Sectors - Goods and Services Tax - GST Dated:- 3-1-2018 - News - The growth of different sectors of an economy depends on a number of factors, including structural, external, fiscal and monetary factors (which is partly reflected by demonetisation). Therefore, it is not possible to pinpoint the impact of demonetization and GST on sectoral output ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. India s Import and Export data (month-wise) for the Financial Years 2016-17 and 2017-18 along with growth rate is as under: Month Value of Import (in US $ Million) Growth Rate (in %) 2017-18 2016-17 April 38209 25689 48.73 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... May 38317 28286 35.46 June 36983 30917 19.62 July 33986 29305 15.97 August 35561 29303 21.36 September ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 37628 31839 18.18 October 37117 34495 7.60 TOTAL 257800 209835 22.86 Month Value of Export (in US $ Million) Growth Rate (in %) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2017-18 2016-17 April 24592 20863 17.87 May 23969 22407 6.97 June 23108 22656 2.00 July 22382 21692 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.18 August 23517 21597 8.89 September 28732 22768 26.19 October 23050 23361 -1.33 TOTAL 169349 155344 9.02 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Note: Figures pertaining to the current Financial Year 2017-18 are provisional. Source: DGCI S The percentage growth of gross value added at constant basic prices for manufacturing and construction sectors of the economy up to second quarter (Q2) of 2017-18 compared to the corresponding period in the previous year are given in the table below. Sectors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2015-16 2016-17 2016-17 2017-18 Q1 Q2 Q3 Q4 Q1 Q2 Manufacturing 10.8 7.9 10.7 7.7 8.2 5.3 1.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.0 Construction 5.0 1.7 3.1 4.3 3.4 -3.7 2.0 2.6 Note: As per estimates released by Central Statistics Office Details of revenue generated from central excise customs duty during the last 12 months is as under: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sl. No. Month Central Excise (in Rs. Crore) Customs Duty [On Export/ Import] (in Rs. Crore) 1 December, 2016 33159 18820 2 January, 2017 34089 18974 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... February, 2017 31927 18797 4 March, 2017 35386 21665 5 April, 2017 31817 20764 6 May, 2017 34150 22051 7 June ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2017 25007 21147 8 *July, 2017 21150 30327 9 *August, 2017 18960 31535 10 *September, 2017 18191 31217 11 *Oct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ober, 2017 17367 29536 12 *November, 2017 18127 28631 Note: * w.e.f 1st July, 2017 the CVD/SAD on Imports, Non-Petroleum component of Central Excise duty and complete Service Tax have been subsumed under GST. The Customs duty on Imports from July - November, 2017 are inclusive o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f IGST and GST Compensation Cess. Source: Department of Revenue. The Minister of State for Commerce and Industry Shri C.R.Chaudhary gave this information in a written reply to a question in Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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