Just as India's economy has grown phenomenally in recent decades, so have the central governmetn’s revenues. From merely Rs 10,000 crores in the 1960s, gross revenues have gone up to about Rs 700,000 crores today. Customs and excise contribute almost half of the total. Behind this positive picture, however, are fundamental problems in commodity tax administration that threaten in commodity tax administration that threaten the country's economic ...
