Margins of tea producers are expected to decline due to the decline in domestic and export realisations, and higher costs of production.
Imports from Sri Lanka, of less than 15 million kg during a calendar year, would be allowed at the rate of 12.6 per cent. Such imports would be routed only through the Calcutta and Kochi ports
Tea: Duties and domestic prices
(per
cent) |
1999-2000 |
2000-01 |
Price
type |
Domestic
prices
(Rs/kg) |
|
Customs |
Excise
(Rs/kg) |
Customs1 |
Excise
(Rs/kg) |
|
Jan
2001 |
Tea
(CTC) |
16.5 |
2.0 |
44.0 |
2.0 |
Calcutta
auction
price |
90.20 |
1 Imports from Sri Lanka, of less than 15 million kg during a calendar year, would be allowed at the rate of 12.6 per cent. Such imports would be routed only through the Calcutta and Kochi ports
Note
For 2000-01, the landed cost and customs duty include the SACD of 4 per cent, effective since 1999-2000. In 1999-2000, the SACD was applicable only for non-traders, and hence, has not been included in the customs duty.
Compiled by CRIS INFACŪ
Rediff-CRISIL Budget Impact Analysis
Budget 2001
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