Bill hiking sugar cess ceiling passed in Lok Sabha

Image
IANS New Delhi
Last Updated : Dec 15 2015 | 9:42 PM IST

A bill that provides for increase in sugar cess ceiling from Rs.25 to Rs.200 per quintal was passed by the Lok Sabha on Tuesday.

The bill, amending the Sugar Cess Act, 1982 which enables the central government to levy and collect cess as a duty of excise for the purpose of Sugar Development Fund (SDF), was passed by a voice vote after Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan's reply on the debate.

The minister said an enhancement in rate of cess has been necessitated to meet the increasing liabilities and finance interventions to ensure timely payments of cane dues to farmers, and the bill increases the present ceiling of cess from Rs.25 to Rs.200 per quintal of sugar.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 15 2015 | 9:30 PM IST

Next Story