‘Scope to increase revenue in Visakhapatnam’
Union Minister of State for Finance S.S. Palanimanickam on Wednesday said the Customs and Central Excise Commissionerate in Visakhapatnam had the scope to increase its revenue and called for stringent action against tax-evaders.
After a review meeting with senior officials here, he said Rs.12,149 crore was collected from Vizag zone and Rs.8,481 crore from Hyderabad zone. He remarked that Vizag had the potential to grow both in manufacturing and service sectors.
The Minister while noting that the revenue performance of Customs and Central Excise was not commensurate with the revenue targets, appreciated the efforts put in by officers in achieving commendable growth on service tax front.
Mr. Palanimanickam advocated stringent measures against tax-evaders. He advised all the Commissioners to expedite welfare measures like promotions and compassionate appointments. He asked them develop infrastructure facilities to house modern offices and residential dwellings.
Earlier, he was briefed about the performance of Vizag zone by Member, CBEC and Special Secretary to Government of India Sandhya Baliga.
Chief Commissioner of Customs, Central Excise and Service Tax B.B. Prasad mentioned that there was a growth of 1.2 per cent in Central Excise revenue as compared to last year and attributed the nominal growth to slowdown in manufacturing.
He said the massive negative growth of 34 per cent on customs front was on account of reduction of import duties and drastic fall in iron ore exports.
However, there was a growth of 43 per cent over last year on service tax front which could be attributed to introduction of negative list of services and increase in rate of service tax.
Central Excise and Customs Commissioners M. Ponnuswamy, B. V. Siva Naga Kumari, Janaki Arun Kumar, C.P. Rao and other senior officers were present.