At present, sugar attracts specific central excise duty of Rs 71 per quintal plus sugar cess of Rs 124 per quintal, which translates to ad valorem rate of more than 6%.
One of the restrictive conditions is that the taxpayer opting for this scheme must not be engaged in making any supply of goods which are 'not leviable' to tax under GST.
The Indian Biscuit Industry has demanded complete waiver on Good & Services Tax on ‘Low Price High Nutrition’ (LPHN) Biscuits priced under MRP Rs.100/- per Kg.
The government has reduced significantly the taxes, particularly excise on food processing industries from 10 per cent to 6 per cent, Minister of State for Food Processing Sadhvi Niranjan Jyoti said.