Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017

Uniform 4% VAT on basic processed foods sought
December, 14th 2006

The Ministry of Food Processing Industries on Wednesday urged the Finance Ministry to consider a uniform VAT of 4 per cent on all basic processed foods, nil or low excise duty on food grains, condiments and spices, fruits and vegetables along with strong fiscal support for research and development (R&D) in the food processing sector.

Mr P.I. Suvrathan, Secretary, Ministry of Food Processing Industries, at a consultation meeting on `Strategy for Enhancing Growth and Competitiveness of the Food processing Sector in India organised by FICCI and the National Manufacturing Competitiveness Council said, "The Ministry is looking beyond a time span of just five years and has zeroed in on four key areas - creation of a corporate structure at the district level in the shape of mega food parks, setting up of modern and hygienic abattoirs, upgradation in quality of street food and provision of fiscal incentives to drive the growth of the industry."

He said the Government had decided to set up mega food parks in 30 districts of the country at a cost of Rs 50 crore each. Under the scheme, the processor and the retailer would reach out to the farmer, especially marginal ones, tailor production and quality of the produce to raise farm productivity and meet the exacting export norms.

The results of the pilot food parks will be evaluated for the next three years before being replicated in other districts.

Describing meat processing as the most neglected area, the Secretary said, about 50 modern abattoirs would be established in the next two-three years with the provision of viability gap funding.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions