TaxTMI 
TaxTMI 
TaxTMI 
Measures to help the Rubber Growers
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....easures to help the Rubber Growers <br>News and Press Release<br>Dated:- 17-12-2018<br><BR>Ministry of Commerce & Industry Posted On: 17 DEC 2018 3:41PM by PIB Delhi The Government has taken various measures to help rubber farmers struggling due to price fall of natural rubbers. Details of measures taken by the Government are: Domestic rubber prices are highly sensitive to import of natural rub....
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....ber. To regulate the import of natural rubber, the Government has increased duty on import of dry rubber from 20% or ₹ 30 per kg whichever is lower to 25% or ₹ 30 per kg whichever is lower from 30.4.2015 in order to create demand for locally produced rubber. The Government has also reduced the period of utilization of imported dry rubber under advance licensing/ authorization scheme f....
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....rom 18 months to 6 months. Director General of Foreign Trade (DGFT) has imposed port restriction on the import of natural rubber by restricting the port entry to Chennai and Nhava Sheva (Jawaharlal Nehru Port) since 20th January, 2016. Rubber production incentive scheme is under implementation in the major rubber growing state of Kerala for providing financial support to rubber growers under whi....
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....ch the difference between the scheme reference price of ₹ 150 per kg and the daily market price is credited to the bank account of the farmer directly on the basis of purchase bills. The Government has no proposal for opening of industrial parks for rubber based units. This information was given by Minister of State for Commerce & Industry C. R. Chaudhary in a written reply in the Lok Sabh....
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....a today. *** MM/SB<BR> News - Press release - PIB....