Revenue Generated through Export and Import

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..... Revenue Generated through Export and Import - News and Press Release Dated:- 24-7-2019 - News - Details of revenue generated from the customs duty (net collection from import export) during last ten years from 2009-10 to 2018-19 is as follows: (In Rs. in Crore) Sr. No: Years .....

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..... Customs Duty (Net) Import Export % Change IGST+ Compensation Cess (Net) from Imports % Change 1 2009-10 83,324 --- Not Applicable .....

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..... (As GST has been introduced w.e.f. 1st July, 2017. 2 2010-11 1,35,813 63.0 3 2011-12 1,49,328 10.0 4 .....

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..... 2012-13 1,65,346 10.7 5 2013-14 1,72,085 4.1 6 2014-15 1,88,016 9.3 .....

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..... 7 2015-16 2,10,338 11.9 8 2016-17 2,25,370 7.1 9 2017-18 1,29,030 -42.7 .....

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..... 2,00,650 --- 10 2018-19 (P) 1,17,911 -8.6 3,03,814 51.4 Note: The Customs (CVD SAD) has been subsumed under GST w.e.f. 1 st July, 2017. .....

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..... Source: Receipts Budget, PrCCA, CBIC, (P)=Provisional The revenue generated from c ustoms duty has an increasing trend from 2009-10 to 2016-17. As the customs (CVD SAD) has been subsumed under GST from 1 st July 2017, the customs duty collection has declined in 2017-18 and 2018-19 while the revenue generated from IGST+ Compensation Cess ( .....

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..... Net) from imports has substantially increased in past two years. This information was given by the Union Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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