Sellers Can Command the Kernel Market for Next 3 Months
This year’s Diwali festival will start from 19/10/2017 and continue till 23/10/2017. Diwali bonanza period for the cashew industry wil...
Cashew Industry should Think About the Default Tax Rate Under GST Schedule III
According to reports, the default tax rate under GST is 18%. Goods which are not specified in schedule I, II, IV, V, VI are classified ...
Only GST Authorities can Fix HSN Codes for Cashew Shells, Rejections and Husk
Edible items of the cashew industry fall under Chapter 08 of the HSN code in the GST billing system. But the problem is in the non-edible by...
States should de-notify GST Items from APMC ACT ( 3 )
CLARIFICATION NEEDED WHERE THE LICENSE IS TO TRADE WITHIN THE MARKET YARD ————- ‘APMC Market Yard’ is a ...
States should de-notify GST Items from APMC ACT ( 2 )
APMC has become a barrier on farmers and a burden on traders who trade in farm products which are used as industrial raw material – Tr...
States should de-notify GST Items from APMC ACT ( 1 )
According to the finance minister’s statement in the parliament, India will become one economic market with the roll-out of GST. But ...
Finally 5% GST Bracket for Cashew Nut
GST council has brought down the tax rate on cashew nut from 12% to 5%. Entire cashew sector of India will happily welcome today’s de...
This June will be the Best Month of the Year for Indian Cashew Kernel
Exporters are buying W320 around ₹8600+VAT/11.340 kilo/Goa-Mangalore. Domestic demand is around ₹9350/Same quantity/including VAT. B...
GST Rate on Cashew is Not Acceptable to West Bengal !
West Bengal’s finance minister Amit Mitra is the most important person after Union finance minister Arun Jaitly in the GST Council. ...
‘With in the State Trade’ & Imports will Suffer After the GST
Current VAT rate is 5 to 5.5 percent in the manufacturing region. It will become 12% after 40 days! So, processors and traders should share ...
12% GST Slab for Cashew
Finally, the GST rates are announced. Dry fruits and cashew are under 12% Tax slab. Importers have to pay the basic customs duty and the GST...
Export Market Nears Rs10000/W320/11.340 Kilo/Including All Subsidies & Benefits
Large scale exporters get $5.10/pound/W320, which is equal to Rs8200 according to current exchange rate. If we add 9.36% import duty, it bec...
Indian Buyers Slow in Following Export Trend
Exporters are the bulk buyers despite the Ramadan festive month will begin on Friday, 26 May. Their price is ₹8400+VAT/W320/11.340 kilo/W...
W320 Towards $5/Pound : This Time Exporters should Thank Rupee Appreciation
Usually, exporters make lobbying for the currency depreciation. They earn more in the exchange market when their domestic currency decreases...
Wholes Dull but LWP Pieces Active
Despite slowdown in the kernel production, once again there is no bulk buying in the wholes category. North Indian buyers think that the be...
Workers Attendance Problem Results in Kernel Shortage
Workers attendance is below 50% in most cashew factories in India on account of severe summer. Some processors are forced to give holidays w...
