Excise duty collection declines by 6.5% in November

10 Dec 2011 Evaluate

On the back of slowdown in economic activities and unfavorable environment in global economy, excise duty collections for the month of November declined by 6.5%. However, despite the drop in revenue collections the senior government officials were confident of achieving the indirect taxes target projected in the budget.

The Central Board of Excise and Customs (CBEC) Chairman SK Goel said 'I am optimistic of achieving the revised indirect tax targets of over Rs 4 lakh crore.' The government’s confidence is backed by the surge in the customs and service tax. During November, the domestic car sales increased by 7%, which hints that industrial activities may have gained momentum, this increase is expected to increase excise collections.

In November 2011, the customs duties collections increased by 15.2% to Rs 100,062 crore and service tax collections also jumped by 43% to Rs 7,232 crore. In November, overall indirect tax collections increased by 6.36% to Rs 31,082 crore compared to Rs 29,222 crore in the same period of last year. During the first eight months of current financial year, the indirect tax collections increased by 16.8% to Rs 2,52,544 crore. The CBEC has already achieved 63.04% of the budget estimates of Rs 3.99 lakh crore.

Goel said the excise duty collections, a tax imposed on goods at the factory gate and considered as one of the few accurate gauges of industrial activity had been hit largely due to cut on duties on oil products earlier in the year. By adding further he said, ‘there has been a fall in Central Excise, which is a matter of concern.... I have called a meeting to discuss why central excise is showing negative growth.’

During October, IIP grew by just 1.9% and economic growth for the first half of 2011-12 grew by 7.3%. This decline in economic growth and industrial production has raised concern for meeting the revenue collection targets. However, the imports for the month of November increased by 29.1%, this surge in import with decline in Indian rupee against American dollar are expected to help custom revenue collections buoyant.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.