Agri Business

Kochi tea trade pitches for unified billing system

V Sajeev Kumar Kochi | Updated on January 10, 2018

The Tea Trade Association of Cochin has urged the Tea Board to take initiatives for a unified billing system for all tea trade associations.

A uniform billing system will help avoid confusion in the post-GST regime and the United Planters’ Association of Southern India (Upasi) had also favoured the introduction of this method at its recently concluded annual conference, said MK Ajit, the outgoing Chairman of the association.

Addressing the 25th annual general meeting of the body, he said GST has given a new direction to the procedures of the association, leading to the stoppage of CST buying through agents as well as making changes in the billing format.

As the trade is passing through a new transition, he said these are inevitable changes and the association is committed to find out solutions with the support of the Tea Board.

Referring to the introduction of the pan-India e-auctions, Ajit said the association was able to maintain the status quo on the post-auction process following a successful meeting with the Commerce Minister and Tea Board officials, highlighting the members’ grievances.

He pointed out that the Cochin auction centre has been selected by TGLIA auction as a platform for its speciality teas and a number of buyers participated.

Regarding tea prices, he said the average price realised from the Kochi auction centre in 2016 was at ₹116.62 against ₹97.46 for Coonoor and ₹99.23 for Coimbatore. Kochi continued to maintain its pre-eminence with 45.94 per cent of the total sales against 41.03 per cent for Coonoor and 13.04 per cent for Coimbatore.

Meanwhile, the AGM elected Amir Abbas Khan of Kanan Devan Hills Plantations Ltd as the new Chairman of the association and M Abdul Jaleel of Salim’s Tea as the Vice-Chairman.

Published on September 28, 2017

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