A report by CAG has said that fuel and petroleum products have contributed about 60% of the government's total revenue from excise in 2009-10. The center’s total collection of excise duties was INR 102,000 crore in 2009-10.

As per the CAG report, while motor spirit account for 24.12% of the government's total excise revenue, refined diesel oil with a share of 22.49% other mineral oils at 12.16% and furnace oil with 2.38%.

The Compliance Audit Report (Indirect Taxes-Central Excise) of CAG said that the combined revenue from all the above mentioned categories makes fuel and petroleum the largest contributor to central excise revenue at over INR 58,200 crore in the 2009-10 fiscal.

Comptroller and Auditor General said that in 2009-10, the revenue from motor spirit was INR 24,809.46 crore, the highest among all the items. In the second place was refined diesel oil which contributed to INR 23,130.05 crore.

All other mineral oils and products cumulatively fetched INR 12,510.37 crore, while the share of furnace oil was INR 2,445.72 crore in the excise revenue during the fiscal.

Other major contributors to excise duty were cigarettes and cigarillos with a share of INR 9,310.24 crore (or 9.29 per cent), iron and steel at INR 8,479.16 crore (8.24%), cement at INR 5,185.10 crore (5.04%) and motor cars and other motor vehicles at INR 3,958.34 crore (3.84%).

Interestingly, among the 15 commodities that contributed to over INR 1,000 crore in excise duty, eight reported a fall in their total collection in 2009-10 as against the figure of the previous fiscal. However, revenue from motor spirit and refined diesel oil were up by 17.71% YoY and 7.40% YoY respectively. Collections from furnace oil also went up by 14.54%.

(Sourced from ET)