Customs board given funds to shape up

Customs board given funds to shape up
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First Published: Tue, Feb 27 2007. 01 42 AM IST
Updated: Tue, Feb 27 2007. 01 42 AM IST
New Delhi: The finance minister has sanctioned Rs38.48 crore to the Central Board of Excise and Customs (CBEC) for improving its infrastructure and functional efficiency. The move is also intended to encourage additional revenue generation, over and above the Budget estimate. CBEC had collected additional revenue of Rs8,615 crore above the target of Rs1,91,450 crore in 2005-2006. The extra expenditure incurred will be met from a budgetary allocation of Rs40 crore in the current fiscal.
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First Published: Tue, Feb 27 2007. 01 42 AM IST