The Tamil Nadu Foodgrains Merchants Association has sought modification on value-added tax and suggested measures for inclusion for tax exemptions and lowering of taxes during the debate on grants for Ministry of Commercial Taxes in the Assembly.

In a memorandum submitted to the State Government , the Association, while appreciating the gesture of levy of no new taxes and not increasing the existing tax rates in the State Budget and agreeing to the demand of granting tax exemption for cooking oil, said that lot of food products have been enjoying tax exemptions in the State and as such, tax exemptions and reduction of taxes of certain items of food products are necessary - such as flour items, byproducts of wheat items, reduction of tax on cardamom to two per cent from five per cent, tax exemption on Rice Adai made from rice flour and exemption from levy for cottonseed and so on.

Further, the Association has sought also tax exemptions for solar panels and LED bulbs.

In yet another memorandum, submitted to State Finance Minister, O. Paneerselvam, and Minister for Agriculture, S. Damoharan, the Association has requested for the resolution of the practical problems in respect of market cess, under the Tamil Nadu Agricultural Produces and Marketing (Regulating) Act 1987.

(This article was published on April 8, 2013)
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