Ministry of Commerce & Industry
Revenue Generated through Export and Import
Posted On: 24 JUL 2019 by PIB Delhi
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:
|(In Rs. in Crore)|
|Sr. No:||Years||Customs Duty (Net) Import & Export||% Change||IGST+ Compensation Cess (Net) from Imports||% Change|
|1||2009-10||83,324||—||Not Applicable (As GST has been introduced w.e.f. 1st July, 2017.|
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.