FreeCurrencyRates.com

इंडियन आवाज़     24 Feb 2018 03:22:39      انڈین آواز
Ad

Govt doubles import duty on sugar to 100%, hikes chana to 40%

AMN / NEW DELHI

suger factory

The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent.

Central Board of Excise and Customs (CBEC) has issued notification in this regard. The move is aimed at curbing cheaper imports and ensure remunerative prices to domestic growers.

The CBEC said, the higher tax has been imposed with immediate effect and without an end date.

The sugar industry has been demanding hike in import duty as ex-mill rates have fallen below the cost of production, affecting their ability to make cane payment to farmers on time.

In case of chana, the government has raised import duty to 40 per cent as it wants to contain inward shipments in view of record production of pulses to nearly 23 million tonnes this year.

Follow and like us:
20

Leave a Reply

You have to agree to the comment policy.

Ad

SPORTS

Vikas, Gaurav enter semis of Strandja Memorial boxing

Former Asian Games gold-medallist Vikas Krishan (75kg) and Gaurav Solanki (52kg), have advanced to the semifin ...

Mapuia’s Brace Ends Aizawl’s Winless Run

AMN / Aizawl After eight winless games, finally Aizawl FC got back to their winning ways while they defeated ...

Ad
Ad
Ad
Ad

Archive

February 2018
M T W T F S S
« Jan    
 1234
567891011
12131415161718
19202122232425
262728  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart

Help us, spread the word about INDIAN AWAAZ