Will achieve indirect tax target

The slowdown in industrial activities notwithstanding,the government on Monday said it is confident of achieving its FY12 indirect tax collection target of Rs 3.98 lakh crore,an 18 per cent increase year-on-year.

Our revenue collection is robust right now. Total indirect tax collection is 23.9 per cent up till August. I dont think,there is any reason for concern on meeting target. We are confident of achieving the target, CBEC Chairman S Dutt Majumder said on the sidelines of a CII meet.

He said central excise and service tax collections were good and so was customs duty collections.