ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Octroi - A Tax in a Time Warp: What Does Its Removal Imply for Greater Mumbai?

Vestigial octroi posts can now be found in the country only in a few cities of Maharashtra. These "legendary customs walls" yielded an easy finance for the city and town development and thus, many local bodies continued with this tax despite its debilities. The fiscal composure of the Municipal Corporation of Greater Mumbai can be singularly attributed to the contribution of octroi, which serves around half of its total revenue income. This paper discusses the fiscal significance of this tax in Greater Mumbai and deliberates on various alternative sources of revenue.

I am grateful to Ajit Karnik for his comments and suggestions on an earlier draft. I am also thankful to R R Tondulkar for his help and Gaurang Sahay for his comments on the penultimate draft. However, usual disclaimer applies.

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