Business Daily from THE HINDU group of publications
Monday, April 16, 2007


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

News Update as at 18.00 hrs (IST)

Govt/States
Kerala traders suspend cigarette sales

THIRUVANANTHAPURAM: Cigarette sales in Kerala have been seriously hit, as traders on Monday began the indefinite suspension of sales of tobacco products to press their demand that manufacturers pay all taxes in advance and include them on the maximum ret ail price (MRP) shown on the packets.

Reports from across the state said wholesalers have stopped taking fresh stocks, but that retailers were selling cigarettes to exhaust pending stocks.

The protest action was called by the Kerala Vyapari Vyvasayi Ekopana Samiti, the state-level body of traders, which wanted the manufacturers to bear the 12.5 per cent Value Added Tax (VAT) levied on cigarette and other tobacco products.

The State government had given an option to manufacturers to have all taxes paid before fixing the MRP, but they had refused to comply with it, Samiti president Mr T Naseeruddin said in Kozhikode.

According to trading circles, the manufacturers' stand had affected the profit the traders would get from tobacco product sales. - PTI

Prev: Reliance Money launches Internet trading through kiosks
Next: Motorola withdraws court case against Bharat Sanchar


Business Line | NUS Index |


In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Gold scaling new highs
More

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
More


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line