8% DUTY TAKES SPICE OUT OF BRANDED FOODS

Article Abstract:

The government of India has levied an eight percent excise duty on branded butter, cheese, spice, skimmed milk except infant food, branded meat and fish products, packaged tea. This is likely to affect Hindustan Lever, Britannia Industries, Amul, Nestle and Tata Tea. The excise duty imposed on the packaged tea is detrimental to the value addition and quality concept. Packaged tea constitute 250 million kilograms (kg) out of the total sale of 650 million kg. The eight percent across the board customs duty is not modvatable and is likely to increase the prices of edible oils. (rk)

Comment:

India: Govt levies 8% excise duty on branded butter, cheese, spice, skimmed milk except infant food, branded meat & fish prods

Animal Slaughtering and Processing, India, Meat Products, Taxes, Fishing, Spices, Spice and Extract Manufacturing, Fishes, Article

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Ice cream, yoghurts & chilled desserts

Article Abstract:

France's retail market for ice cream, yoghurt and chilled desserts posted 13.7% real value growth from 1991 to 1995 due to general trend towards ready-to-eat food and snacking. Ice cream was a poor performer in 1991 and 1993; yoghurts was market leader in 1995; and most dynamic for five-year period was the chilled dessert sector.

Frozen Food Manufacturing, Frozen Foods, Preserved Fruits and Vegetables, Food industry, France, Market share, Dairy industry, Dairy products industry

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