DGCEI Gujarat detects duty evasion by CPC Blue manufacturers

DIRECTORATE GENERAL OF CENTRAL EXCISE INTELLIGENCE, AHMEDABAD ZONAL UNIT,AHMEDABAD. PRESS NOTE Directorate General of Central Excise Intelligence (DGCEI), Zonal Unit Ahmedabad™s Vapi Regional Unit has detected a major modus operandi of Central Excise duty evasion and is investigating the same against various CPC (Copper Pthalocyanine Crude) Blue manufacturers operating from Ahmedabad, Vadodara, Ankleshwar and Vapi area. In the major search… Read More

Tags: AhmedabadAnkleshwarExciseGujaratIndiaIndian Farmers Fertiliser Cooperative LimitedKrishak Bharati Cooperative LimitedUrea

Fixation of Nutrient Based Subsidy (NBS) Rates

The Cabinet today accorded approval to the proposals of the Department of Fertilizers for fixation of NBS rates for the year 2013-14. These rates will be applicable from 1st April 2013. The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per this Policy, the Government of India… Read More

Tags: FertilizerGovernmentGovernment of IndiaNBSPriceSubsidyTonneUrea

Fertilizer JVs with Foreign Countries

At the behest of the Government, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) have collaborated with Oman Oil Company to set-up a Joint Venture entity namely ˜Oman India Fertilizer Company™(OMIFCO) for production of urea and ammonia. Under this arrangement, OMIFCO is supplying its urea to the Government of India at… Read More

Tags: AmmoniaFertilizerGovernmentIndiaIndian Farmers Fertiliser Cooperative LimitedKrishak Bharati Cooperative LimitedOmanUrea

Proposal to Reduce Subsidy on Fertilizers

The subsidy rates of Phosphatic and Potassic (P&K) fertilizers under Nutrient Based Subsidy Policy being implementedw.e.f. 1.4.2010, are fixed on annual basis taking into consideration all factors including international and domestic prices of these fertilizers, inventory level and exchange rate.  Since the present international prices of P&K fertilizers are comparatively less as compared to those in last year, the subsidy rates for… Read More

Tags: Ammonium PhosphateBusinessChemicalsFertilizerGovernmentNPK ratingPotashUrea

Additional Subsidy on Chemical Fertilizers

The Government continues to provide Urea to the farmers at a fixed price of Rs 5360 PMT, which is much below its delivered cost. The difference in the normated delivered cost and Maximum Retail Price (MRP) is paid as subsidy by the Government. As regards Phosphatic and Potassic (P&K) fertilizers, the Government is implementing Nutrient… Read More

Tags: ChemicalsFertilizerGovernmentLok SabhaMinister of StatePriceSubsidyUrea

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