Monday, April 24, 2017
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

MEAT & SEAFOOD

Reduce customs duty on chilled & frozen sea food to 10%, says ASSOCHAM
Tuesday, 31 January, 2017, 08 : 00 AM [IST]
Our Bureau, New Delhi  
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged the Centre to reduce customs duty on chilled and frozen sea food from the present level of 30 per cent to 10 per cent to bring down food inflation and satiate the high demand for seafood in India.

“Local fisheries will not get affected by imports because seafood availability in India is much lower than its demand,” highlighted the trade body in its pre-budget memorandum (indirect taxes) submitted to the Centre.

“High import duty makes it unviable to bring in a variety of seafood products available globally, which shall reduce food inflation tremendously and provide much-needed proteins to Indians at a low cost,” said D S Rawat, secretary general, ASSOCHAM.

It also suggested that the Centre reduce customs duty on chilled and frozen poultry meat (chicken) to 20 per cent for whole chicken and its parts, as it is unlikely to destabilise the Rs 40,000-crore Indian poultry industry because a majority of the Indian market prefers live poultry over frozen food.

“Though chicken is a basic non-vegetarian food, import duty on chicken products is as high as 100 per cent on its parts. As such India is not able to import chicken,” highlighted ASSOCHAM’s pre-budget recommendation.

Considering that the prices of chicken produced in India are mostly much higher than those in other parts of the world (as its cost is decided upon its production), ASSOCHAM has appealed that it should be based on international prices.

“This shall have a huge impact on food inflation,” it stated.

Factors like growing affordability, rising health consciousness, increasing consumer awareness and more women getting into jobs are likely to boost the demand for frozen chicken and seafood products.
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
 

 
 
Food and Beverage News ePaper
 
 
 
 
 
 
 
 
Advertise Here
 
 
Interview
Year 2020 will see revolution in restaurant industry in terms of ideas
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
Advertise Here
 
Advertise Here
 
Recipe for Success
Ability to connect dots great strength, says consultant Munshaw Ghildiyal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd