Except petroleum, no sector saw growth in excise duty collections in FY14: CAG
Petroleum products are the only category that showed a growth in excise duty collections during FY14, on a year-on-year. These products comprised 53 per cent of the total excise duty mop-up in the year, the Comptroller and Auditor General of India (CAG) said on Tuesday.The other industrial categories such as iron & steel, cement, motor vehicles, and chemical products showed a contraction, CAG said in its report on indirect taxes tabled in Parliament.
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