Financial Daily from THE HINDU group of publications
Thursday, Oct 31, 2002
Financial Daily from THE HINDU group of publications Thursday, Oct 31, 2002 |
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Agri-Biz & Commodities
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Foodgrains Withdrawal of levy on rice hailed Our Correspondent
MADURAI: The trade circles here have welcomed the withdrawal of the levy of sales tax on rice. In a statement here, the Tamil Nadu Chamber of Commerce and Industry (TNCC & I) has said that since the imposition of sales tax on rice in the State Budget this year, trade and industry and several other sectors of the society had been clamouring for its withdrawal. The Chamber is grateful to Chief Minister for having acceded to this demand. The Tamil Nadu Foodgrains Merchants Association has also welcomed the Government announcement on scrapping of Sales and Compounding tax on rice.
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