Saturday, 28 January 2023

 

 

LATEST NEWS Governor Rajendra Vishwanath Arlekar releases Narendra Modi's book 'Exam Warriors Governor Rajendra Vishwanath Arlekar interacts with NRI students Cabinet Minister Anmol Gagan Mann Inaugurates Aam Aadmi Clinics At Village Mulanpur Garibdas, Nada And Khizrabad Punjab Police's AGTF Arrests Key Operative Of Lawrence Bishnoi Gang 'Nari Samman Yojana' to be implemented in a phased manner Rahul Gandhi following diktat of anti-national, pro-Pakistan PAGD in Kashmir: Devender Singh Rana Punjab Police Arrest Two Rajasthan-Based Weapon Smugglers From Fazilka; 8 Pistols, Fake Currency Recovered DC inaugurates Miyawaki Forest Project SC agrees to examine PIL on citizens petitioning Parliament to debate important issues Shah Rukh Khan's 'Pathaan' creates history, rakes in Rs 219.6 crore worldwide on Day 2 Covid immunity strengthens over time in vaccinated people : Study Suryakumar Yadav doing it better than anyone's ever done it right now : Ricky Ponting Bhagwant Mann And Arvind Kejriwal Dedicated 500 Aam Aadmi Clinic To The People Of Punjab Punjab Government Creates History In The Form Of Aam Aadmi Clinics: MLA Kulwant Singh Jai Inder Kaur hails PM Modi's 'Pariksha Pe Charcha' outreach program Are Avni and Amber getting closer? DC inaugurates Patients’ Sarai; First of its Kind 24×7 Library - Kishtwar Reading Hub EPFO holds outreach programme ‘Nidhi Aapke Nikat’ at Kathua JKEDI holds one day Entrepreneurship Awareness Programme at Rajouri NH 144A Widening Project : DDC Rajouri Vikas Kundal inspects progress at different constructions sites Republic Day Celebration : Strive hard to make India a vibrant nation and a Vishavguru : Juhi Manhas Pathania to students

 

Syed Basharat Bukhari welcomes hike in import duty on shelled walnut, almond

‘Move to protect domestic growers; increase market preference for local production’

Rouf Pampori

Rouf Pampori

5 Dariya News

Srinagar , 25 May 2018

Minister for Horticulture, Law, Justice and Parliamentary Affairs, Syed Basharat Ahmed Bukhari, today welcomed the central government’s decision raising import duties up to 100 percent on five products, including shelled almond and walnut.Thanking the central government for the decision, the Minister said that this move will protect the domestic growers and give them a necessary helping hand by curbing cheaper imports.Bukhari said “The growers from J&K were especially suffering due to earlier marketing practices, as the state is the major supplier for these products for the domestic market. We had taken up this issue with the central government on multiple occasions and are happy that the Union government took cognizance of people’s concerns involved in the trade of these products.“Currently, international imports hold 98% of the domestic market for Walnuts and the remaining 8% is fed by states including J&K, Himachal Pradesh and Uttarakhand; the figures for Almonds also reflect a similar story. Domestic growers despite producing a fine quality have to face stiff competition as they cannot withstand the competitive pricing offered by the international imports.“With this increase in import duty, the domestic growers will get a competitive edge in the market and will lead to increase in market preference for local production”, the Minister added.Pertinently, Invoking "emergency powers" to increase import duties under Section 8A of the Customs Act, the Union Finance Ministry increased basic customs duty on walnut in shell from 30 percent to 100 percent. The duty on shelled almond was also hiked to Rs 100 per kg from Rs 65 per kg, while the basic customs duty on wheat has been increased to 30 percent from 20 percent.Import of protein concentrate will now be subject to 40 percent duty, up from 10 percent. However, the duty on protein concentrate and textured protein substance has been raised to 40 percent, from 30 percent, according to notifications issued by the Central Board of Indirect Taxes and Customs (CBIC).

 

Tags: Syed Basharat Bukhari

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2023 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD