Abolition of produce cess laws ends export cess requirement for covered commodities; exporters exempt from paying cess. The Produce Cess Laws (Abolition) Act repeals the Agricultural Produce Cess Act, 1940 and the Produce Cess Act, 1966 subject to specified savings; exporters need not pay cess on exports of commodities formerly covered by those Acts and trade stakeholders are directed to note the repeal and resulting exemption.
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Abolition of produce cess laws ends export cess requirement for covered commodities; exporters exempt from paying cess.
The Produce Cess Laws (Abolition) Act repeals the Agricultural Produce Cess Act, 1940 and the Produce Cess Act, 1966 subject to specified savings; exporters need not pay cess on exports of commodities formerly covered by those Acts and trade stakeholders are directed to note the repeal and resulting exemption.
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