Finance minister Pranab Mukherjee on Wednesday said that indirect tax collection target of R3.92 lakh crore for the current fiscal is likely to be met despite a slowdown in the economy.Speaking at an event of Central Board of Excise and Customs, Mukherjee said he is confident that the revenue department would not spare any effort in meeting the target. "In fact, already indications are there (of meeting budget estimate)," he added. The statement from the finance minister came at a time when excise mop-up has registered muted growth.
Source: Financial Express
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