New Delhi, Feb 21 (TIWN) The revenue impact on Centre's coffers from trade agreements increased by 35 per cent, despite a decline in imports, a research report showed.

According to a report by MVIRDC World Trade Center Mumbai, imports of goods on concessional tariffs under various trade agreements have impacted the central government''s revenue collection to the tune of Rs 65,734 crore in 2019-20, which is 35 per cent higher than the corresponding figure last year.  This revenue impact, the report said, is 3 per cent of the gross tax revenue of the centre in 2019-20, up from 2.3 per cent in the previous year.  Accordingly, in the previous year as well, these trade agreements had impacted the revenue collection to the tune of Rs 48,793 crore, as shown by the "Statement of Revenue Impact of Tax Incentives", which is part of Union Budget''s documents.