TAMIL NADU

Rs.807 crore excise and service tax target set for Tiruchi region

GOOD WORK: Additional Commissioner of Central Excise and Service Tax R.Saravanakumar (right) giving away the shield to G.Madan Mohan, Senior General Manager, Madras Cements Ltd, in Tiruchi on Wednesday. .

GOOD WORK: Additional Commissioner of Central Excise and Service Tax R.Saravanakumar (right) giving away the shield to G.Madan Mohan, Senior General Manager, Madras Cements Ltd, in Tiruchi on Wednesday. .   | Photo Credit: —Photo: M_Moorthy

Special Correspondent

TIRUCHI: The Commissionerate of Central Excise and Service Tax, Tiruchi, has fixed a collection target of Rs.807 crore of excise and service tax during this current fiscal (2009-2010) from the trade and industry in the region, said R.Saravanakumar, Additional Commissioner of Central Excise and Service Tax, Tiruchi, here on Wednesday

Tiruchi Commissionerate region consists of the eight districts of Tiruchi, Ariyalur, Perambalur, Thanjavur, Pudukottai, Karur, Nagapattinam and Tiruvarur and Karaikal district in the Union Territory of Puducherry.

Presiding over the Central Excise Day-2010 celebrations, Mr Saravanakumar said that out of the total target Rs.532 crore was expected by way of excise revenue and Rs.275 crore as service tax. Central excise and service tax collections till the end of January in the current fiscal was Rs.297.61 crore and Rs.135 crore respectively.

He said that cement ranked top most contributor of revenue on central excise front and petroleum products ranked second. Telecom services, banking and financial services lead on service tax front, he said.

The Additional Commissioner pointed out that as a major step towards e-governance and with a view to improve transparency, accountability and efficiency in tax administration, Automation of Central Excise and Service Tax (ACES) had been started in the Tiruchi Commissionerate to provide automated workflow of the process of tax administration and enable filing of returns, claims and intimations electronically.

Mr Saravanakumar said that the help centre set up in Tiruchi city and information and facilitation counters in the headquarters and all divisional offices, the regional advisory committee and public grievances committee comprising of representatives from trade and industry with the help of team of officers greatly contributed to redress grievances and difficulties faced by the trade. Single window clearance system had also been introduced for large tax payers.

The Additional Commissioner honoured the Madras Cements, ONGC (Karaikal) and India Cements, the top three assessees for contributing major source of revenue in the last 10 months till end of January this year for this fiscal (2009-2010) to the tune of Rs.67.34 crore, 52.02 crore and Rs.47.53 crore respectively. Similarly, BSNL, Tiruchi, Karur Vysya Bank, Karur and BHEL Tiruchi, were the top three assessees for service tax to the tune of Rs.45.22 crore, 14.84 crore and Rs.3.90 crore during the same period this year.

S.Natarajan, Executive President and Unit Head of Grasim Industries Limited (Cement Division-South), Ariyalur, who was the chief guest, said that the company would pay about Rs.40 crore of excise during the current year. He said that the company had plans for major expansion in the near future.

D.Sivashankaran, Joint Commissioner of Customs, Tiruchi, S.Sathappan, Deputy Commissioner of Central Excise, Tiruchi and A.Rajendran, Assistant Commissioner of Central Excise, Tiruchi also spoke.

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