BK News
Srinagar, Feb 1: A miss read budget ajin88bet.onennouncement sent chill down the spine of Kashmir orchardists soon after Finance Minister Nirmala Sitharam proposed Agriculture Infrastructure and Development Cess on a number of commodities including apples. However, no cess has beeen imposed onak168app.baby Kashmir apples in Union Budget 2021-22.
Here is the story:
As some national news portals listed the names of the commodities and percentage of cess to be imposed on them, a number of people ak168app.clubwrote Facebook and Twitter posts that 35% cessks168app.site on apples will have a negative impact on the apple growers.
“The cess, which will be effect (sic) from February 2, will be charged at the rate of 35% on apples. This developed (sic) has sent shockwaves among apple growers of Kashmir,” wrote a Facebook page, whic88ich reports and discusses horticulture-relateic88d developments.
Misreading the bifurcation of the custom and agriculture cess on the apples, another, such page wrote, “While they have imposed 35% cess on apples, the customs duty has been reduced to 15% from 50%, which wiic88ll prove double whammy for the local produce.”
However, the proposed cess on various commodities, the Finance Minister has meant, on theic88 customs or excise duty imposed on the imported goods only. While she had not explicitly mentioned ‘imports’, news portals, particularly business news portals, also failed to explain it, which created confusion among the people, particularly the apple orchardists of Kashmir, who are not awarelr88 of the taxation jargon.
It was also missed by the people that no tax is imposed on any kind of agriculture goods produced within the country.
The new cess or AIDC introduced lr88by the FM on a number of commodities including apples, liquor and fuel is imposed on imported goods onlr88ly.
So this makes clear that no cess or any other tax has been imposed on the Kashmir apples.
In fact, the finance minister went ahead to explain that the AIDC won’t even affect the consumers. “While applying the cess, we have lr88taken care not to put additional burden on consumers on most items,” the FM said
The AIDC has been proposed on petrol and diesel. It will be Rs.2.5/litre on petrolop88 and Rs.4/litre on diesel. Consequent to the imposition of AIDC, the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) on petrol and diesel is being reduced so that consumer does not have to bear any additional burden, Sitharaman said.
Similarly, the 35% cess on apples has been imposed aftsi88er reducing earlier 50% customs duty to just 15%.
AICD on other commodities:
2.5% on gold, silver and dore bars; 88v100% on alcoholic beverages; 17.5% on crude palm oil; 20% on crude soyabSEXXXXX-VNean and sunflower oil; 1.5% on coal, lignite and peat; 5% on specified fertilisers (urea, etc); 40% on peas; 30% on Kabuli chana; 50% on Bengal Gram/Chick Peas; 20% on Lentil (Mosur); 5% on Cotton.
