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No toll tax on export of Basmati rice:J&K Govt

Jammu and Kashmir Bank


SRINAGAR, June 06:Minister for Youth Services & Sports, Information Technology and Technical Education today informed the House that Basmati rice exported outside the State is exempted from toll tax.

Replying to a question by Mr Kuldeep Raj, the Minister however said that neither any such exemption is available for Basmati paddy being exported to the Punjab State nor any proposal was under consideration of Government as it will adversely affect the local Rice Sheller Units.

The Minister informed the house that as per entry No 34 of Schedule A to Notification SRO 167 of 16 June, 2005, paddy is already under zero-rated category. He said the continuation of the said entry is reviewed annually by the Government and presently the said item has been kept in zero per cent rate category upto ending March 2017.


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