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The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess (AIDC) effective September 1.
The government has extended current basic rate of import duty of zero percent on Crude Palm Oil, Crude Soyabean oil and Crude Sunflower Oil up to September 30, 2022.
Cess introduced in budget will boost states' agri infra: Govt SECTIONS Last Updated: Feb 16, 2021, 07:55 PM IST Share Synopsis The agri cess introduced in the Union Budget 2021-22 will finally go towards boosting APMC mandis and related farming infrastructure, all of which are governed by states, a top government functionary said on Tuesday, rejecting criticism that the cess deprives states of revenue as its receipt entirely falls in the Centre's kitty. Agencies The agri cess introduced in the Union Budget 2021-22 will finally go towards boosting APMC mandis and related farming infrastructure...
Chhattisgarh stares at Rs 1,000 crore loss due to agri cess: CM Baghel In a letter to Union Finance Minister Nirmala Sitharaman, the Chhattisgarh CM has requested sanction of excise duty to Chhattisgarh as it was provided before to protect the state from financial loss Dipak Mondal | February 16, 2021 | Updated 23:08 IST Chhattisgarh Chief Minister Bhupesh Baghel Chhattisgarh Chief Minister Bhupesh Baghel has sought additional financial assistance from the Centre on grounds that the central government's decision in the Budget 2021-22 to reduce excise duty on petroleum products, gold, silver,...
Though agri cess of 100 per cent has been levied on some alcoholic beverages, the corresponding basic customs duty has been reduced from 150 per cent to 50 per cent. As a result, the net effective rate of import duties remains at 150 per cent, thus having no impact on overall prices of liquor.