Rajasthan exempts imported sugar from VAT -Governance Now

Rajasthan exempts imported sugar from VAT

State government announces tax exemption on imported sugar to tide over shortages

PTI | January 29, 2010

With a view to control spiralling price, the Rajasthan government has announced VAT exemption on imported sugar in the state till June 30.

"The decision to exempt four per cent VAT was taken by Chief Minister Ashok Gehlot on Thursday, which sugar price will go down by Rs 1.6 to 1.8," an official said.

Sugar prices are ruling between Rs 41-43 a kg in the state.

"The government has exempted the tax in view of rising prices. After June, further decision will be taken after a review of situation," the official added.

The prices of the sweetener has doubled since January 2009 and currently hovering around Rs 45 a kg in the country on expected fall in sugar production this year.

India, the world's largest consumer of sugar, is estimated to produce nearly 16 million tonnes of sugar against the annual demand of 23 million tonnes. The gap of 7 lakh tonnes is being met through imports.

Comments

Other News

How to listen to the great storytellers that the trees are

The Trees of My Country: A Natural History of India in 50 Trees By T. R. Shankar Raman, with illustrations by Manali Patil Aleph Book Company, 284 pages, Rs 1,499

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan

Corporate Governance 3.0: What the boardroom of 2030 will look like

The phrase "corporate governance" often evokes images of board meetings, compliance checklists, and regulatory filings. For years, governance was viewed primarily as a mechanism to prevent fraud, protect minority shareholders, and ensure regulatory compliance. However, the events of the last deca

India, Japan open "a new chapter in special strategic and global partnership"

India and Japan are opening a new chapter in their special strategic and global partnership with the visit of prime minister Sanae Takaichi, India`s prime minister Narendra Modi said on Thursday, "I had said in the G7 summit a few days ago that, in this environment of

AI studies sun images to track bright solar regions

Artificial Intelligence has been used to trace the shift in magnetically active patches on the Sun from 1916 to 2007 by scanning 100 years of hand-drawn Sun records from the Kodaikanal Solar Observatory (KoSO). This could give a much longer view of how solar activity changes over time.

General Dhiraj Seth takes over as Chief of Army Staff

General Dhiraj Seth, PVSM, UYSM, AVSM, took over as the 31st Chief of the Army Staff (COAS) from General Upendra Dwivedi, PVSM, AVSM, who superannuated after more than four decades of distinguished service to the nation on Tuesday. General Dhiraj Seth is an alumnus of the N