Monday, 24 April 2017

Food Ministry will hike in tur dal import duty to 25%

DSR Broking

Food and Consumer Affairs Minister Ram Vilas Paswan today said his ministry is in favour of increasing import duty on tur dal from 10 per cent to 25 per cent in the interest of farmers. 

Paswan's comments follow a meeting with Maharashtra Chief Minister Devender Fadnavis who sought hike in customs duty on tur dal saying farmers are struggling to get even the minimum support price (MSP) because of record output. 

The Centre had last month imposed import duty of 10 per cent on tur dal do protect domestic growers. 

"Maharashtra CM has demanded increase in tur dal import duty to 25 per cent. I agree that there should be higher duty on tur dal. We will discuss and recommend it to the Finance Ministry," Paswan told reporters after the meeting. 

The Food Ministry too had proposed 25 per cent import duty on tur dal but only 10 per cent was imposed, he said. 

Higher import duty is necessary to curb sale of cheaper imported dals as domestic produce at the minimum support price (MSP) to the government agencies, he added. 

No comments:

Post a Comment

Featured post


DSR Broking Crude oil - Sell 4880  Made TGT at 4848 at stop loss at 4800  Short term and Intraday Level of CRUDEOIL Currently Crude...