Agri Business

AP may remove VAT on crude palm oil

Our Bureau Hyderabad | Updated on June 22, 2011

With a view to encouraging oil palm sector, the Andhra Pradesh Government is contemplating removing VAT (value-added tax) on crude oil palm.

The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, gave this assurance, while reviewing the performance of horticulture sector in the State here on Wednesday.

He directed the officials of the Horticulture Department to visualise plans for development of the sector. “The Planning Commission is likely to allocate huge funds for this sector in the ensuing Five-Year Plan. We should be ready with plans well ahead to attract Central funds from this allocation,” he said.

For the year 2011-12, the Department prepared a plan to spend Rs 1,234 crore.

He later launched the Horticulture Alert System to provide SMS-based information to farmers on weather and other farm-related issues.

Published on June 22, 2011

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