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CHENNAI, July 29

THE Madras Paper Merchants Association has urged the Tamil Nadu Government to abolish the resale tax on paper and paperboards.

According to the association press release, the resale tax introduced with effect from July 1 has pushed up the price of paper and paperboards by Rs 2000 per tonne.

This has adversely affected the notebook manufacturers and the printing and publishing industry.

In a petition to the State Government the association has said the paper and paper boards attract 16 per cent excise duty, 0.125 per cent excise cess, four per cent Central sales tax for goods coming from outside the State, 10 per cent sales tax, five per cent surcharge on sales tax, one per cent resale tax and turn over tax. It has hiked the sales tax during the 2002 Budget and introduced surcharge and entry tax.

With paper and board used for the conversion of notebooks, the hike in price would affect the academic segment hard.

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