Financial Daily from THE HINDU group of publications
Friday, Oct 28, 2005
Financial Daily from THE HINDU group of publications Friday, Oct 28, 2005 |
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Agri-Biz & Commodities
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Spices & Condiments Government - Agricultural Policy Industry & Economy - Exports & Imports Rs 7/kg subsidy for pepper export Our Bureau
New Delhi , Oct. 27 THE Government has announced a scheme for grant of WTO-compatible subsidy on exports of pepper from the country at the rate of Rs 5 a kg (or the actual cost incurred, whichever is less) for international freight and Rs 2 a kg for internal transport. An official release issued here said the subsidy would be permitted for the export of a maximum of 20,000 tonnes of pepper and it would be provided to exporters on a first-cum-first served basis. This is a strictly one-time measure and the scheme would end on March 31, 2006. The scheme is intended to give boost to pepper exports and help growers to get remunerative returns. The subsidy will cover value-added products of pepper provided value addition is done exclusively from domestically produced pepper. Value-added products obtained from imported pepper would not be eligible for subsidy. Export-oriented units and units under the special economic zones would also not be eligible for the subsidy. The scheme is to be implemented by the Spices Board, which is being directed to work out the modalities for implementation.
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