On the recommendations of the Working Group constituted by the Ministry of Finance,
Central Board of Indirect Taxes & Customs for streamlining reports/returns in indirect taxes;
all Central Excise, Customs and Service Tax revenue data is furnished to the
Directorate of Data Management on line through ACES and ICES 1.5 by the All India field
formations in two important monthly reports, namely- Monthly Performance Revenue Report,
popularly known as the Finance Minister’s Report (FMR) and Monthly Revenue Report.
Monthly Performance Revenue Report (FMR)
The FMR on the Central Excise side contains details of Central Excise revenue from major commodities, performance in key result areas, duty foregone, top 10 assessees, production/clearance of manufactured goods and products, etc., it also includes information on Service Tax collected from the top 20 services. On the Customs side, the report contains import/export revenue from major commodities, quantities and values of major items imported/exported, performance in key result areas, top 10 importers, duty foregone under Export promotion Schemes, drawback paid, information on quantities/values of major goods imported during the month etc..