The indirect tax collections have gone up by 18.5 pc to Rs 2.21 lakh crore in the first seven months of 2011-12, prompting the CBEC to assert that it would meet the target of garnering Rs 4 lakh crore this fiscal.The excise, custom and service tax collections were Rs 2,21,462 crore during April-October period this year, which constitutes 55.3 percent of the set target for 2011-12, as per the data released by the Central Board of Excise and Customs (CBEC) in New Delhi on Friday.The indirect tax collection was Rs 1.86 lakh crore in the corresponding period of 2010-11."As far as our targets are concerned, we are quite hopeful of achieving the revised target of Rs 4,00,635 crore. The growth of 18.5 per cent is higher than our target of 15 per cent," CBEC chairman S K Goel told reporters in New Delhi on Friday.The data showed that total indirect tax mop up in October was up by 7.9 percent at Rs 31,321 crore from Rs 29,012 crore in the same month last year.The excise duty collections increased by 5 percent in October to Rs 11,622 crore against Rs 11,059 crore in the same month last year, while realisation from the customs increased by about 3 percent to Rs 12,360 crore.Service tax collection showed maximum jump of 23.46 percent to Rs 7,339 crore in October, from Rs 5,944 crore.Goel said if the excise and customs duties on petroleum products were not slashed, the indirect tax mop would have been "much more".In June this year, the duties were slashed to provide a cushion against hike in petrol, LPG and kerosene prices that month.The move is estimated to cause an annual loss of Rs 49,000 crore to the exchequer. The excise duty collection increased by 12 percent in April-October period to Rs 82,680 crore against Rs 73,805 crore in year-ago period, while realisation from the customs increased by about 16.8 percent to Rs 87,973 crore.The service tax collection jumped by 34.4 percent to Rs 50,809 crore from Rs 37,799 crore during the first seven months of the fiscal.