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SUGAR CESS
Bommai to table Karnataka budget on Feb 17The Cabinet decided also to regularise quarrying for those who are into manual mining and mistakenly carry out their activities in differen...- Panel shuns sugar cess proposal to clear sugarcane duesThe GST Council-appointed GoM could look at the option of 1% agri cess on luxury goods that could be levied to deal with problems faced by ...
- Group of ministers not in favour of sugar cess, moots lowering of GST on ethanol to 12%The proceeds from the levy, estimated at Rs 6,700 crore, would flow into a separate fund to be utilised for interventions in the sugar sect...
- One year of GST: Should the government consider levying a sugar cessThe objective of a sugar cess can be the centre's way to help the distressed farmers.
- Sugar cess under GST: GoM to seek opinion from Law and Food MinistryThe Group of Ministers (GoM) was constituted on May 4 to look into the feasibility of implementing the food ministry proposal of levying ce...
- GST Council forms state FMs panel to look into sugar cess proposalEarlier this week, the Union Cabinet had approved a subsidy of Rs 5.5 per quintal of cane to address the distress situation.
- Another cess coming? GST Council may approve imposition of Sugar cessImposition of Sugar cess could mean that not just sugar, but prices of products like sweets, confectioneries, chocolates etc. which use sug...
- GoM moots cess on sugar, subsidy for cane farmersPaswan added that it was not necessary all suggestions will be implemented, and that another round of meetings could take place.
- Govt may allot Rs 500 cr for sugar development fund in BudgetThe government may marginally raise the corpus for Sugar Development Fund (SDF) to Rs 500 crore in the upcoming Budget for 2018-19.
- Sugar trade awaits clarity on GST; cotton industry welcomes moveSugar, cotton and poultry sectors are the top employment generators both at the front and back ends.
- GST will make sugar cheaper in Tamil Nadu, Andhra Pradesh, no impact in other statesAccording to ISMA, consumers from Tamil Nadu and Andhra Pradesh, the two states which currently have VAT on sugar, will have to pay less on...
- Finance Ministry may scrap sugar cess in Budget 2017The cess, collected from sugar mills, is deposited in Sugar Development Fund (SDF) managed by the food ministry. The fund is used to lend m...
- Sugar industry wants govt to withdraw cessThis cess, which is paid by sugar mills and passed on to consumers, goes to the Sugar Development Fund (SDF) for rehabilitation and moderni...
- Rally in sugar futures helps mills make up for losses due to hike in cessSugar futures on NCDEX had rallied to a high of Rs 3185/quintal on February 1 and closed at Rs 3155/kg, after which they fell through the w...
- Sugar cess ceiling hiked to Rs 200 per quintal after President nod to billPresident Pranab Mukherjee has given his assent to the Sugar Cess (Amendment) Bill, 2015, raising the ceiling of the impost from Rs 25 to R...
- Bill to hike sugar cess ceiling passed in Lok SabhaA bill seeking to raise the sugar cess ceiling from Rs 25 to Rs 200 per quintal was passed by the Lok Sabha today.
- Bill to hike sugar cess ceiling introduced in Lok SabhaA bill seeking to raise the sugar cess ceiling from Rs 25 to Rs 200 per quintal of sugar was introduced by Food Minister Ram Vilas Paswan i...
- Interest rate on SDF loans increases to 7.5% from earlier 4%The Fund is utilised to provide loans at concessional rates to sugar factories for sugarcane development, modernisation, co-generation and ...
- LS passes bill for Rs 4,610 crore package for sugar millsLok Sabha on Tuesday passed a bill that will enable the government to grant Rs 4,610 crore financial package and interest-free loans to the...
- Sugar cess hiked to Rs 20/quintalThe government has increased the rate of sugar cess by Rs six a quintal to Rs 20 per quintal, which is likely to make the commodity costlie...
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