Chandigarh, October 4
Out of 2 million tonnes of non-basmati rice being exported from the country during the kharif marketing season 2011-12, Punjab will contribute 1 million tonnes. This will fetch the state traders a whopping Rs 2,500 crore.
Food and Civil Supplies Minister Adesh Partap Singh Kairon said today the Government of India had lifted the ban on the export of non-basmati rice in September and now the export of rice had only been permitted from private trade and not from the Central pool.
He said the Punjab Cabinet had given the nod to allow levy-free private purchase of non-basmati paddy at a meeting held yesterday.
In another significant decision, he said that the Cabinet had also approved to refund the infrastructure development (ID) cess on the rice exported from the state. It may be recalled that the ID cess was 3 per cent, which would now be refunded along with other taxes on producing proof of the rice exported from Punjab.
The amount of ID cess to be refunded was likely to be around Rs 80 crore. Kairon further said his department had held several meetings with the Government of India to allow the quota for export of rice to the state of Punjab on the basis of its proportionate contribution to the Central pool.
As per the information available with the Food and Supplies Department, private traders had hardly any stock for export because they were bound to give 75 per cent of the rice out of their private purchase to the Central pool. He said the Punjab Government had given the nod allowing levy-free private purchase on non-basmati rice in the state. This means that millers would now not have to give levy rice to the Central pool.
Out of 2 million tonnes of non-basmati rice being exported from the country during the kharif marketing season 2011-12, Punjab will contribute 1 million tonnes. This will fetch the state traders a whopping Rs 2,500 crore.
Food and Civil Supplies Minister Adesh Partap Singh Kairon said today the Government of India had lifted the ban on the export of non-basmati rice in September and now the export of rice had only been permitted from private trade and not from the Central pool.
He said the Punjab Cabinet had given the nod to allow levy-free private purchase of non-basmati paddy at a meeting held yesterday.
In another significant decision, he said that the Cabinet had also approved to refund the infrastructure development (ID) cess on the rice exported from the state. It may be recalled that the ID cess was 3 per cent, which would now be refunded along with other taxes on producing proof of the rice exported from Punjab.
The amount of ID cess to be refunded was likely to be around Rs 80 crore. Kairon further said his department had held several meetings with the Government of India to allow the quota for export of rice to the state of Punjab on the basis of its proportionate contribution to the Central pool.
As per the information available with the Food and Supplies Department, private traders had hardly any stock for export because they were bound to give 75 per cent of the rice out of their private purchase to the Central pool. He said the Punjab Government had given the nod allowing levy-free private purchase on non-basmati rice in the state. This means that millers would now not have to give levy rice to the Central pool.
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