Kolkata, Feb 15 : With a 19.41 per cent projected growth during financial year 2023-24, state excise will continue to be the principal component for generation of the state's own tax revenue of the West Bengal government.

As per the budget estimates for financial year 2023-24, the state excise collection is slated to rise to Rs 17,921.56 crore, up by 19.41 per cent from Rs 15,001.39 crore as per the revised estimates for financial year 2022-23.  The total state’s own tax revenue, as per the budget estimates for 2023-24, is slated to increase by just 12.69 per cent to Rs 88,595.54 crore from Rs 79,500 crore as per the revised estimates for 2022-23.  Another significant factor on this count is that in 2023-24, state excise, which is just one of the 12 components of state’s own tax revenue, will contribute 20.22 per cent of the total tax kitty.  According to a recent finding, West Bengal is one of the four Indian states where the state excise collection contributes over 20 per cent of state’s own tax revenue. As per the budget documents, state excise had been traditionally the second highest component among the 12 components in the state own tax revenue column, after the state goods and services tax (SGST).