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August 11, 2026
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Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.

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News and Press Release

Food Articles Under WPI .

August 13, 2012

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Press Information Bureau
Government of India
Ministry of Commerce & Industry

13-August-2012 17:05 IST

Food Articles Under WPI

The details of WPI (Base 2004-05) of food articles for the last one year and current year along with their corresponding weights are at Annexure I. The weighting pattern of WPI, based on the value of output in the economy, remains fixed during the life of a particular WPI series. The current WPI series with Base year 2004-05 was launched in September 2010. The WPI as well as the weights are also available in the website of the Ministry of Commerce & Industry, i.e.,http://eaindustry.nic.in/. Consumption trends for the above mentioned food articles are not collected. However, the latest item wise consumption trends for food articles based on the 66th round of National Sample Survey Office (NSSO) survey on Household Consumption of Various Goods and Services in India conducted for urban and rural households for the period July 2009 to June 2010 are available at the official website of Ministry of Statistics & Programme Implementation. There is, however, no one to one correspondence among the items of WPI and NSSO survey report because of non uniformity in their respective specifications.

The Government has set up a Working Group under Chairmanship of Dr. Saumitra Chaudhuri, Member Planning Commission on 19th March 2012 to revise the current series of Wholesale Price Index numbers (Base 2004-05) to, inter-alia, select the appropriate commodity basket and examine system of allocation of weights to them.

Annexure I

 

ANNEXURE REFERRED TO IN REPLY TO PART (a) OF LOK SABHA UNSTARRED QUESTION NO. 535 ANSWERD ON 13.8.2012 REGARDING FOOD ARTICLES UNDER WPI.

WPI (Base 2004-05) of Food Articles for FY2010-11, FY2011-12, and April 2012 to June 2012

 

Commodity Name

Weight

2010-11

2011-12

Apr-12

May-12*

Jun-12*

I  Food Articles

14.33709

179.63

192.74

207.2

206.3

209.2

A)    Food Grains

(Cereals+Pulses)

4.08982

174.43

180.72

188.9

190.4

193.4

(i)Cereals

3.37323

169.67

176.23

184.3

184.5

186.4

Rice

1.79348

167.19

172.29

177.3

178.3

181.6

Wheat

1.11595

171.44

168.29

179.3

178.8

180.2

Jowar

0.09572

189.54

248.55

236.8

240.8

235.2

Bajra

0.11522

175.58

193.21

209.5

210.5

209.4

Maize

0.21727

168.94

205.63

225.4

220.5

220.3

Barley

0.01671

165.68

180.19

210.8

212.7

200.1

Ragi

0.01885

173.79

204.92

223.5

228.4

224.0

(ii)Pulses

0.71662

196.86

201.82

211.0

218.3

225.9

Gram

0.33490

149.97

193.78

224.7

236.9

250.7

Arhar

0.13740

205.06

183.20

175.5

181.0

184.8

Moong

0.08429

280.44

244.42

236.6

235.7

234.2

Masur

0.05764

194.45

162.78

170.0

180.1

186.9

Urad

0.10239

271.75

240.00

215.6

214.8

215.1

B)Fruits & Vegetables

3.84270

172.05

183.15

215.3

208.1

213.1

(i)Vegetables

1.73553

182.83

179.26

237.6

224.0

243.8

Potato

0.20150

131.95

128.98

173.8

198.7

221.4

Sweet Potato

0.01750

194.14

205.97

192.7

195.7

181.2

Onion

0.17794

259.60

186.67

139.6

139.3

158.0

Tapioca

0.06781

282.82

285.63

240.9

245.0

238.6

Ginger(Fresh)

0.04514

114.54

79.98

56.5

54.8

72.5

Peas(Green)

0.10999

144.87

174.70

NA

NA

NA

Tomato

0.26738

190.39

184.39

NA

NA

NA

Cauliflower

0.23627

169.87

145.93

NA

NA

NA

Brinjal

0.29840

164.66

170.97

206.7

182.3

227.6

Okra (Lady finger)

0.12604

174.80

237.15

355.3

218.3

209.9

Cabbage

0.18756

214.58

211.59

416.1

437.6

447.1

(ii) Fruits

2.10717

163.17

186.37

197.0

195.1

187.8

Banana

0.34264

163.01

173.42

176.9

202.7

208.5

Mango

0.65134

191.52

237.15

238.5

221.9

208.3

Apple

0.10397

173.59

220.38

240.0

252.7

NA

Orange

0.13309

185.32

237.35

230.3

226.0

236.3

Cashew nut

0.16399

151.04

192.09

169.4

182.6

178.8

Coconut(Fresh)

0.24113

97.77

118.20

109.1

106.4

107.6

Papaya

0.10340

189.62

186.97

130.4

121.6

128.9

Grapes

0.09399

188.85

221.20

NA

NA

NA

Pineapple

0.04577

177.92

193.45

245.2

223.4

249.2

Guava

0.07609

177.67

148.32

102.8

102.8

102.8

Litchi

0.03716

179.20

119.70

NA

NA

153.0

Lemon

0.07225

197.49

236.16

306.3

279.3

244.3

Sapota

0.04235

174.02

209.45

212.3

206.2

211.4

C)Milk

3.23818

175.88

194.01

202.9

204.1

205.7

D)Eggs,Meat& Fish

2.41384

190.13

214.33

229.8

232.6

235.4

Egg

0.18675

165.44

181.79

178.2

178.8

183.0

Fish-Inland

0.57256

193.43

250.82

276.6

279.1

280.2

Fish-Marine

0.72259

222.84

246.72

269.9

271.1

272.1

Mutton

0.34586

187.17

200.10

209.6

211.4

212.5

Beef & Buffalo Meat

0.11585

188.20

199.62

207.7

201.5

201.5

Poultry Chicken

0.41028

141.16

136.56

139.9

150.6

160.5

Pork

0.05995

197.50

219.93

234.3

236.8

240.3

E)Condiments & Spices

0.56908

243.98

237.53

207.4

200.4

195.9

Black Pepper

0.02959

247.12

402.93

483.6

488.8

497.5

Chillies(Dry)

0.15812

221.80

277.12

236.1

225.1

219.9

Turmeric

0.07573

401.72

214.87

145.1

143.6

141.2

Cardamom

0.01703

348.22

291.35

301.2

293.8

281.7

Ginger(Dry)

0.05150

119.25

90.11

74.3

70.3

71.7

Betelnut/Arecanut

0.10437

154.69

209.79

234.6

227.2

210.2

Cummin

0.04393

163.35

188.49

186.6

186.1

185.5

Garlic

0.06437

410.12

281.12

135.3

118.7

120.7

Corriander

0.02444

174.06

216.17

205.7

204.3

202.5

F)Other Food Articles

0.18347

181.94

216.45

225.4

234.1

235.3

Tea

0.11233

148.33

150.85

182.3

196.7

198.6

Coffee

0.07114

235.01

320.08

293.4

293.4

293.4

II Food Products

9.97396

141.15

151.20

155.5

157.1

157.4

A) Dairy Products

0.56798

152.07

171.60

177.1

174.7

174.9

Powder Milk

0.20061

150.22

176.99

183.2

176.9

176.8

Ghee

0.21595

163.71

184.83

188.6

188.1

188.8

Butter

0.06118

159.79

166.59

176.5

176.5

174.6

Ice Cream

0.05063

115.59

123.67

127.6

127.5

128.9

Condensed Milk

0.03961

132.57

141.18

148.1

148.5

149.0

B)Canning, Preserving & Processing Of Food

0.35785

127.21

139.58

142.4

144.6

144.6

Canned Fish

0.05534

136.59

151.49

158.7

159.1

159.0

Fish Meal

0.05941

100.20

113.11

120.1

120.1

120.1

Processed Prawn

0.11517

122.53

128.92

128.8

130.5

133.7

Canned Meat

0.03554

175.87

188.38

193.9

193.9

194.5

Vegetables Seeds

0.09239

126.02

143.93

144.1

150.2

145.9

C)Grain Mill Products

1.34017

145.79

146.19

146.7

147.1

145.3

Maida

0.45224

146.73

145.76

145.4

145.4

145.8

Wheat Flour ( Atta)

0.39334

158.94

163.94

161.2

161.7

156.3

Gram Powder (Besan)

0.09734

134.23

136.10

136.1

136.1

136.1

Sooji ( Rawa )

0.08499

168.91

164.97

167.3

168.4

164.0

Rice Bran

0.11785

122.29

122.60

126.1

129.2

132.4

Wheat Bran

0.09066

130.37

125.06

137.2

137.5

131.8

Beaten Rice Flakes (Chire)

0.03750

107.00

107.00

107.0

107.0

107.0

Maize Atta

0.01572

140.60

140.60

140.6

140.6

140.6

Other Grain Mill Products

0.05053

131.33

123.22

125.6

125.6

125.6

D)Bakery Products

0.44354

126.25

127.19

128.3

128.3

127.1

Biscuit / Cookies

0.35095

121.02

121.63

122.3

122.3

120.8

Bread & Buns

0.06304

147.45

145.46

148.2

148.2

148.2

Cakes & Muffins

0.02955

143.71

154.27

156.5

156.5

156.5

E)Sugar, Khandsari&Gur

2.08859

160.50

167.72

170.5

172.6

173.5

Sugar

1.73731

165.02

173.44

176.5

178.5

178.8

Gur

0.07763

197.20

197.15

198.3

208.2

221.5

Khandsari

0.06133

159.87

170.90

175.0

177.7

179.5

Molasses

0.12926

105.10

103.46

102.1

101.4

99.9

Bagasse

0.03946

118.17

115.84

119.7

120.9

132.9

Sugar Confectionary

0.04360

119.48

119.16

125.3

125.6

125.6

F)Edible Oils

3.04293

120.58

135.72

144.2

146.0

146.5

Vanaspati

0.71494

116.32

121.40

121.2

124.6

124.5

Groundnut Oil

0.30438

145.25

163.83

188.3

192.5

190.6

Palm Oil

0.41999

111.30

119.74

129.8

128.9

130.4

Rice Bran Oil

0.18489

120.12

146.82

154.2

154.3

155.3

Cotton Seed Oil

0.26101

124.31

149.52

153.4

161.8

170.7

Mustard & Rapeseed Oil

0.45094

116.30

135.89

151.6

151.4

151.0

Soyabean Oil

0.37971

125.57

147.17

158.3

158.8

157.0

Copra Oil

0.10231

100.08

119.87

116.2

115.8

115.4

Sunflower Oil

0.17348

120.43

132.04

134.7

134.0

134.7

Gingelly Oil

0.05128

134.22

146.36

157.5

155.9

153.6

G)Oil Cakes

0.49441

168.63

175.30

186.1

189.7

191.6

Cotton Seed Oil Cake

0.12928

142.74

157.48

159.8

160.4

157.0

Rice Bran Extraction

0.09174

223.69

222.10

216.7

206.6

215.9

Mustard Oil Cake

0.04018

180.16

165.51

186.2

196.3

200.1

Groundnut Oil Cake

0.04463

240.19

263.14

291.9

296.9

300.7

Other Oil Cakes

0.18858

140.17

146.07

164.2

174.9

176.0

H)Tea & Coffee Proccessing

0.71106

149.80

156.62

154.7

158.0

159.6

Tea Leaf (Blended)

0.27219

153.89

167.54

173.5

179.3

176.3

Tea Leaf (Unblended)

0.18048

145.55

148.80

137.6

135.5

139.6

Tea Dust (Blended)

0.13716

134.03

134.94

130.2

136.8

144.8

Tea Dust (Unblended)

0.09813

157.62

152.91

149.2

151.5

152.4

Coffee Powder

0.02310

195.80

233.48

236.2

236.2

236.2

I)Salt

0.04810

174.77

176.24

181.8

181.8

181.8

J) Other Food Products

0.87933

141.15

157.44

159.2

161.5

161.8

Cashew Kernel

0.38299

135.81

157.11

154.9

159.9

159.4

Gola (Cattle Feed)

0.11247

178.61

186.48

195.4

195.6

199.7

Papad

0.08081

144.16

162.42

168.3

168.6

167.3

Cashew nut (Roasted)

0.01367

130.84

138.33

143.3

142.7

141.2

Mixed Spices

0.06599

142.67

170.42

171.1

174.3

172.6

Pickles

0.02476

117.15

126.16

127.9

127.9

127.6

Soya Preparations (Excluding Oil)

0.05937

140.94

142.99

144.0

148.8

147.6

Readymade / Instant Food Powder

0.13927

128.44

139.42

144.4

141.4

143.6

*Figures for May 2012 and June 2012 are provisional

                         This information was given by the Minister of State  for Commerce &     Industry Shri Jyotiraditya M. Scindia  in written reply to a question in Lok  Sabha today.

 

DS/GK

Topics

Acts Income Tax