Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 2 2023 2023 (2) This

Government allows sale of excess tobacco produced by registered growers and unauthorized tobacco produced by unregistered growers without any penalty,on auction platforms in karnataka for the crop season 2022-23

18-2-2023
  • Contents

Union Minister of Commerce and Industry Shri Piyush Goyal has considered to allow the sale of the excess flue cured Virginia tobacco produced by registered growers and unauthorized flue cured Virginia tobacco produced by unregistered growers without any penalty considering the low production during the 2022-2023 Karnataka Crop season.

In Karnataka, during this crop season, 40,207 farmers cultivated FCV tobacco in an area of 60,782 hectares.  The total production of FCV tobacco in Karnataka remained  at 59.78 million kgs  against the crop size of 100.00 million kgs fixed by Tobacco Board , due to continuous rains during months of June and July 2022.  

The decision of imposing no penalty  on the sale of excess FCV tobacco will greatly benefit the farmers of Karnataka to recover the loss due to less production during this crop season. This consideration will hand hold the FCV tobacco farmers to overcome their financial plight inflicted due to low production  and low earning and would greatly help the growers to continue their livelihood.

Quick Updates:Latest Updates