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Revenue Generated through Export and Import |
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| 24-7-2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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:
Note: The Customs (CVD&SAD) has been subsumed under GST w.e.f. 1st July, 2017. Source: Receipts Budget, PrCCA, CBIC, (P)=Provisional The revenue generated from customs duty has an increasing trend from 2009-10 to 2016-17. As the customs (CVD & SAD) has been subsumed under GST from 1st July 2017, the customs duty collection has declined in 2017-18 and 2018-19 while the revenue generated from IGST+ Compensation Cess (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. |
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