Tea industry seeks higher RoDTEP rates to make exports competitive

Quick Summary:

ITA requests TDS exemption on cash withdrawals, concessional duty for machinery, and increased funds for Tea Board’s scheme.

According to ITA, the Tea Board's new promotion and development scheme for the 2021-26 period has discontinued plantation development and factory upgradation incentives for big growers.

The "lack of financial support" from the government has "incapacitated the tea producers' ability to bring about improvement in quality and productivity leading to long-term impact on viability", the association said.

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Article Details

Author / Journalist: PTI

Category: Business

Markets: IndiaNepal

Topics: TAI RoDTEP scheme RoDTEP Indian Tea Association Trade rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 09:49:41 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21723794

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