The most notable feature of tax revenue generation during 2016- 17 has been the over-performance (even relative to budget estimates) of excise duties. Which of the following phenomenon is responsible for this?

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Buoyant petroleum consumption

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Increase in manufacturing activities

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Increase in MSME sector

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All of the above

1.	The most notable feature of tax revenue generation during 2016- 17 has been the over-performance (even relative to budget estimates) of excise duties. Which of the following phenomenon is responsible for this?
A.	Buoyant petroleum consumption
B.	Increase in manufacturing activities
C.	Increase in MSME sector
D.	All of the above
Answer» E.

The most notable feature of tax revenue generation during 2016- 17 has been the over-performance (even relative to budget estimates) of excise duties. Which of the following phenomenon is responsible for this?

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