Financial Daily from THE HINDU group of publications
Wednesday, Mar 23, 2005
Financial Daily from THE HINDU group of publications Wednesday, Mar 23, 2005 |
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Agri-Biz & Commodities
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Spices & Condiments Chilli trade stalled Our Bureau
GUNTUR: Transactions at the Guntur chilli market yard have been stalled since Monday as traders are staying away in protest against the move of commercial tax authorities to collect tax arrears on exports. Exports were exempted in the past from tax, but recently the commercial tax authorities reopened the assessments of some traders and served notices. Questioning the move, the traders are boycotting the market. Transactions at the turmeric market yard at Duggirala in Guntur district and several other yards have also been stalled. Negotiations are on in Hyderabad to sort out the issue.
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