Financial Daily from THE HINDU group of publications
Tuesday, Jul 19, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Agri-Biz & Commodities - Plantations
Industry & Economy - Taxation


Campco plea to repeal 4 pc tax on wet cocoa beans

Our Bureau

Mangalore , July 18

THE Director of Central Arecanut and Cocoa Marketing and Processing Co-operative (Campco) Ltd, Mr Nagaraja Shetty, has urged the State Government to withdraw the 4 per cent tax on wet cocoa beans.

Addressing newspersons here on Monday, Mr Shetty said that the Karnataka Government has placed wet cocoa beans under the 4 per cent slab in the value-added tax system. Wet cocoa beans were exempted from tax earlier.

Mr Shetty, who represents the Bantwal constituency in Karnataka Legislative Assembly, said that he has brought this to the notice of the Finance Minister, Mr Siddaramaiah, on the floor of the House. Mr S.R. Rangamurthy, Campco Director, said that the initiative of the co-operative to sell arecanut in small packets has evoked a good response in the northern market, especially in Gujarat. The Gujarat depot has been making profits for the past few months.

He said that the co-operative is concerned about the import of inferior quality arecanut from other nations. Campco has requested the Karnataka and Kerala Governments to pressure the Centre to ban arecanut import.

To a query on export of arecanut to Pakistan, Mr Shetty said that the annual demand for arecanut in that country is one lakh tonnes.

The co-operative has bagged an order for the export of 200 tonnes of arecanut to that country.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Sloppy monsoon may affect agro-chem industry


Oilfed, agriculture departments told to study Israeli models
Campco plea to repeal 4 pc tax on wet cocoa beans
Limited supply may see rubber prices rise further
Rubber prices remain flat
Spot sugar prices up 5 pc on demand
Tea prices rule low at Coonoor auctions
Metals to rise on low supply, robust demand
Pepper rules steady


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line