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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Government extends sale of pre-GST goods with stickers of revised price till July 31
 All 7 ITR forms for assessment year 2018-19 activated for e-filing: Income Tax Department
 Check if new salary structure is income tax efficient
 GST refund drive extended till June 16
 5 income tax returns filing mistakes you must avoid
 Your complete guide to file income tax return
 Input Tax Credit refund drive till June 14
 File Your Income Tax Return for FY 2017-18 Immediately, Know Why
 Which ITR form to file if income is in dollars?
 5 investment lessons to maximize returns; here is all you need to know
 Deadline for filing first instalment of advance tax ends 15 June

`Cut excise duty on pesticides to nil'
January, 12th 2007

The Agrochemicals Policy Group (APG) has urged the Union Government for zero excise duty on pesticides, besides reducing various other taxes. These measures will help make pesticides affordable to the farmers.

This, in turn, will lead to increased use of pesticides to protect the crops, said Mr S. Kumarasamy, Chairman of APG.

The APG is an advocacy group formed by over 200 pesticides manufacturers belonging to Crop Care Federation of India, Crop Life India and Pesticides Manufacturers and Formulations Association of India.

The APG Chairman has called for doubling the area under crop protection in the next two years in order to increase productivity and farm income.

"Farm income will go up by Rs 20,000 crore if we could achieve this." Stating that the total pesticides requirement of the country was put at Rs 16,000 crore, he said the current usage was very low at Rs 4,000 crore. "Only one-fourth of the 1,400 lakh hectares of cropped area in the country is under crop protection (usage of pesticides). Lack of awareness and weak extension system are responsible for the low usage of pesticides," he said.

Tax sops

The APAG has recently submitted a pre-Budget wish list to the Union Ministry of Finance.

It also drew attention to various taxes and duties that, in fact, had made pesticides costlier. "We need to make them affordable to the farmers. Over 36 per cent of the maximum retail price comprises indirect taxes that include excise, VAT, turnover tax, surcharge and cess," he said.

Mr Kumarasamy also wanted the Government to extend the tax sops the pharmaceuticals industry enjoys with regard to fringe benefit tax and R&D expenditure to agrochemicals sector.

Awareness needed

Asked about the apprehensions on the extensive use of pesticides, he said these fears were not based on facts. "We have to have a robust extension mechanism to tell the farmers on the proper use of pesticides. They (farmers) are supposed to use the right kind of pesticides with correct dosage at the right time," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and 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