Octroi revenue crosses Rs 5,000-crore mark
The Brihanmumbai Municipal Corporation’s (BMC) octroi department has registered a record collection to the tune of Rs 5,133 crore in the last fiscal, 2010-11, a 13% rise compared to the previous year.mumbai Updated: Apr 05, 2011 01:19 IST
The Brihanmumbai Municipal Corporation’s (BMC) octroi department has registered a record collection to the tune of Rs5,133 crore in the last fiscal, 2010-11, a 13% rise compared to the previous year.
This is for the first time that octroi collection has crossed Rs5,000-crore mark. The department said the octroi collection till March 31, 2011, was Rs5,133 crore against Rs4,522 crore last year.
Octroi revenue is the major source of income of the civic body, followed by property tax, which has also witnessed a growth in its collection this year. Property tax collection till March 31, 2011, was Rs2,815 crore, Rs163 crore more than the previous year.
“Our collection were way above the target because of our teamwork and also due to reforms like e-payment, green channel, octroi refund and computerisation,” said SS Shinde, joint municipal commissioner.
Of the total octroi revenue collection, Rs1,706 crore has come from crude oil, which is the highest-ever. Octroi collection from crude oil, in March this year was Rs561 crore while it was only Rs382 crore in March 2010.
“More income means more development work in the city. We will try to spend more for improving the civic infrastructure,” said Rahul Shewale, chairman of the civic standing committee.
Shewale, however, said octroi collection in the city is expected to get a boost in the coming year. “The revenue from octroi is expected to grow as the BMC has planned to modernise all octroi nakas (entry points). This includes installation of close circuit cameras, weighing machines at entry points which will be connected to the head office,” said Shewale.