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AGRI CESS
Indo-US trade pact: Industry awaits clarity on soybean oil, animal feed tariff cutsThe edible oil and soybean processing industry has cautiously welcomed the India-US interim trade agreement but is waiting for clarity on t...- ITC, Godfrey Phillips shares fall up to 2.5% as Centre plans new cess to keep tobacco taxes highCigarette makers ITC and Godfrey Phillips saw their shares fall. This follows the government's announcement of a new health and security ce...
- Centre exempts gold import by RBI from customs duty, agri cessThe Centre exempted gold imported by the Reserve Bank of India from import duty and Agriculture Infrastructure Development Cess. India, the...
- Govt extends zero import duty & agri-cess exemption on masur dal till March 2025The Indian government has extended the zero import duty on masur dal (lentil) until March 2025 to maintain a stable supply and control dome...
- Govt slashes import duty, agri and infra cess on LPG import to nilThe Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agric...
- Hike duty on edible oils to arrest price fall: FMCG companiesThey said the production of edible oils in the domestic as well as international market is ample and that if the government does not increa...
- Oilseeds industry urge government to increase import duty on oils after DiwaliThe import duty on crude varieties of palm oil, soybean oil and sunflower oil is currently zero. However, after taking into account 5% agri...
- Food ministry extends concessional import duties on edible oils till March 2023"The concessional customs duty on edible oil import has been extended by another 6 months, which means that the new deadline will now be Ma...
- 6-month extension for concessional customs duty on imported edible oil; March 2023 is new deadlineIn the last few months, the food ministry had directed edible oil companies to pass on the benefits of fall in global prices to domestic co...
- Center reduces agri-cess from crude palm oil to check edible oil prices"Post reduction of the agri-cess, the import tax gap between CPO and Refined Palm Oil has increased to 8.25%, " it said in a statement. It ...
- Effective import duty on crude palm oil cut to 5.5% to cool edible oil pricesThe effective import duty on crude palm oil will now come down to 5.5 per cent, from 8.25 per cent, after taking into account agri developm...
- Govt scraps basic customs duty, cuts agri cess on crude palm, soyabean and sunflower oilThe duty cuts will be effective from October 14 and will remain in force till March 31, 2022, the Central Board of Indirect Taxes and Custo...
- Government further cuts custom duties on edible oils to check prices in festive seasonThe custom duties have been reduced on both crude and refined variants of these three cooking oils, according to a release by the Consumer ...
- Cess introduced in budget will boost states' agri infra: GovtThe agri cess introduced in the Union Budget 2021-22 will finally go towards boosting APMC mandis and related farming infrastructure, all o...
- Budget 2021: Spending boost to lift pandemic-hit economy, new cess to finance agri infraThe Budget for the fiscal year beginning April made no changes in personal or corporate tax rates but raised customs duties on certain auto...
- No cut in excise duty on petrol, diesel; tweak in rates to accommodate agri cessBesides the tweak, the Budget proposed monetisation of oil and gas pipelines of gas utility GAIL and oil refiners Indian Oil Corporation (I...
- Will the new Agriculture Infrastructure & Development Cess affect common man?The Finance Minister has presented the budget, which overall did not seem to touch the middle class in any major way. There was an Agricult...
- Govt proposes 10% hike in farm loan target for FY22; announces agri infra development cessThe minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture ...
- OMC shares hit by agri cess on fuel; fineprint shows zero impact“This is madness! Farm cess of Rs 2.5 per litre on Petrol Rs 4 per litre on diesel and people thought no increase in taxes…,” said Sandip S...
- 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 ...
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