India - Customs and other import duties (% of tax revenue)

Customs and other import duties (% of tax revenue) in India was 4.95 as of 2018. Its highest value over the past 44 years was 36.19 in 1987, while its lowest value was 4.95 in 2018.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1974 19.13
1975 17.37
1976 16.90
1977 17.84
1978 20.96
1979 23.35
1980 24.80
1981 26.63
1982 28.20
1983 26.37
1984 29.65
1985 32.94
1986 34.27
1987 36.19
1988 35.42
1989 34.85
1990 35.79
1991 32.63
1992 31.18
1993 29.30
1994 28.39
1995 31.60
1996 33.11
1997 28.62
1998 27.98
1999 28.01
2000 25.02
2001 21.40
2002 20.66
2003 19.05
2004 18.83
2005 17.72
2006 18.18
2007 17.33
2008 16.21
2009 13.33
2010 17.11
2011 16.79
2012 17.32
2013 15.15
2014 15.10
2015 14.44
2016 13.01
2017 6.94
2018 4.95

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance