Report Archives - Agro & Food Processing https://agronfoodprocessing.com/category/report/ India's first News portal for food industry Fri, 05 Apr 2024 09:16:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://agronfoodprocessing.com/wp-content/uploads/2023/07/cropped-cropped-cropped-agro-1-32x32.png Report Archives - Agro & Food Processing https://agronfoodprocessing.com/category/report/ 32 32 CBIC Plans Reclassification Drive in FMCG Sector for GST Clarity to Prevent Litigation https://agronfoodprocessing.com/cbic-plans-reclassification-drive-in-fmcg-sector-for-gst-clarity-to-prevent-litigation/ https://agronfoodprocessing.com/cbic-plans-reclassification-drive-in-fmcg-sector-for-gst-clarity-to-prevent-litigation/#respond Fri, 05 Apr 2024 09:16:12 +0000 https://agronfoodprocessing.com/?p=22498 The Central Board of Indirect Taxes and Customs (CBIC) is in the process of compiling a list of items that frequently lead to legal disputes…

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The Central Board of Indirect Taxes and Customs (CBIC) is in the process of compiling a list of items that frequently lead to legal disputes solely because of difficulties in categorizing them. The fitment committee is set to examine products that, despite only minor composition differences, fall under different taxation brackets, thus confusing tax obligations. This issue is particularly prevalent in the fast-moving consumer goods (FMCG) sector, which has been the focus of numerous tax inquiries recently.

This compilation will be presented to the rate rationalization committee’s ministerial group when the Goods and Services Tax (GST) Council convenes next, according to individuals familiar with the situation.

“A significant issue lies in the classification of some products, and the fitment committee is crafting a detailed list of these ambiguous areas that have led to the most legal challenges,” stated a high-ranking official who wished to remain anonymous.

The official pointed out that there are around 25-30 products and services experiencing classification overlap.

Finance Minister Nirmala Sitharaman has also highlighted classification problems, urging the board during a meeting with central and state GST enforcement officials to prioritize resolving these issues.

“The fitment committee is delving into this issue, and its proposal will go before the rate rationalization ministerial group during the next council meeting,” the official mentioned.

The move was catalyzed by incidents in November of the previous year where several FMCG entities, engaged in producing chips and snacks through the “extruded” method, were instructed to remit 18% GST instead of 12%, with tax notices demanding settlement by March 31, 2024. The extrusion technique, which produces ‘puffed’ or ‘expanded’ snacks, is considered unhealthful due to its high calorie and fat content, and low protein levels.

In August 2023, the government stated that snacks made through extrusion should be taxed at 18%, and the Directorate General of GST Intelligence (DGGI) issued notices based on this directive.

However, the FMCG sector has highlighted issues like overlapping classifications for products such as namkeen, fruit-based drinks (both alcoholic and non-alcoholic), flavored milk, and other processed foods, which often result in varying advanced rulings across states.

“One example is bhujia, which traditionally attracts a 12% GST. However, newer manufacturing techniques like extrusion, used to lower fat content, have muddied the waters, leaving many traditional bhujia producers facing additional tax demands,” shared a namkeen manufacturer requesting anonymity. With no clear definitions, the industry has sought clarity from the government, especially in light of the numerous notices from the DGGI.

As the deadline looms, the FMCG industry has appealed to the finance ministry for a resolution to prevent unwarranted litigation and notices.

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INDIAN DAIRY INDUSTRY HONOURS  Mr. R. G. CHANDRAMOGAN  https://agronfoodprocessing.com/indian-dairy-industry-honours-mr-r-g-chandramogan/ https://agronfoodprocessing.com/indian-dairy-industry-honours-mr-r-g-chandramogan/#respond Fri, 05 Apr 2024 06:00:21 +0000 https://agronfoodprocessing.com/?p=22488 WITH LIFETIME ACHIEVEMENT AWARD The Indian Dairy Association’s 50th Dairy Industry Conference witnessed a momentous occasion as Mr. Chandramogan, Chairman of Hatsun Agro Product Limited, was honoured…

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WITH LIFETIME ACHIEVEMENT AWARD

The Indian Dairy Association’s 50th Dairy Industry Conference witnessed a momentous occasion as Mr. Chandramogan, Chairman of Hatsun Agro Product Limited, was honoured with the prestigious Lifetime Achievement Award for his outstanding contributions to the dairy sector. The ceremony took place on March 4, 2024, at the Hi-Tex Convention Centre in Hyderabad.

Mr. Chandramogan’s dedication, vision, and unwavering commitment to excellence have significantly impacted the Indian dairy industry, shaping its landscape and setting new standards for innovation and quality. His leadership and innovative approach have not only propelled Hatsun Agro Product Limited but have also inspired and guided the entire industry towards growth and development.

The members of the Indian Ice-Cream Manufacturers’ Association (IICMA) were pleased to extend their congratulations to Mr. Chandramogan for receiving this well-deserved honour. His invaluable contributions to the ice cream sector, coupled with his remarkable achievements in the dairy industry, have been duly recognized on this prestigious platform.

Speaking on behalf of the Indian Ice-Cream Manufacturers’ Association and its members, Mr. Sudhir Shah, President of IICMA, expressed heartfelt congratulations to Mr. Chandramogan. He highlighted the significance of Mr. Chandramogan’s leadership and expressed eagerness to witness the continued impact of his visionary approach on the industry.

The felicitation of Mr. Chandramogan at the 50th Dairy Industry Conference underscores his exceptional contributions and serves as a testament to his remarkable journey in the dairy sector. 

We, team ICT (Ice Cream Times magazine) extend our warmest regards to Mr. Chandramogan and look forward to celebrating his continued success and leadership in the years to come.

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REPORT ON THE 50TH DAIRY INDUSTRY CONFERENCE INAUGURATION https://agronfoodprocessing.com/report-on-the-50th-dairy-industry-conference-inauguration/ https://agronfoodprocessing.com/report-on-the-50th-dairy-industry-conference-inauguration/#respond Fri, 05 Apr 2024 05:58:58 +0000 https://agronfoodprocessing.com/?p=22485 Date: March 4, 2024 Venue: Hi-Tex Convention Centre, Hyderabad Introduction: The 50th Dairy Industry Conference commenced with great enthusiasm and anticipation at the Hi-Tex Convention…

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Date: March 4, 2024

Venue: Hi-Tex Convention Centre, Hyderabad

Introduction:

The 50th Dairy Industry Conference commenced with great enthusiasm and anticipation at the Hi-Tex Convention Centre in Hyderabad. This milestone event, organized by the Indian Dairy Association (IDA), brought together key stakeholders, industry leaders, and dignitaries to celebrate achievements, discuss challenges, and chart the course for the future of the dairy sector.

Highlights of the Programme

Lighting of Lamp:

The ceremony commenced with the traditional lighting of the lamp by esteemed Chief Guest and Dignitaries, symbolizing the dispelling of darkness and the ushering in of knowledge and enlightenment.

Welcome Address:

Dr. Satish Kulkarni, Chairman of IDA South Zone, extended a warm welcome to all attendees, setting the tone for the event’s proceedings.

Opening Talk:

Ch. Rajeshwara Rao, Chairman of IDA Telangana, delivered an insightful opening talk, providing context and emphasizing the significance of the dairy industry in the region.

Introduction of Shri CP Charles:

An introduction to Shri CP Charles, the 50th DIC Secretary General, was provided, acknowledging his contributions and role in the success of the conference.

Presidential Address:

Dr. RS Sodhi, President of IDA, delivered a poignant presidential address, reflecting on the achievements and challenges faced by the dairy sector and outlining the vision for its future growth.

Release of Souvenir:

The Hon’ble Deputy Chief Minister of Telangana, Mallu Bhatti Vikramarka graced the occasion by releasing the conference souvenir, showcasing the collective efforts and accomplishments of the dairy industry.

Awards Distribution:

Deputy Chief Minister presented awards to deserving individuals and organizations, recognizing their exemplary contributions to the dairy sector.

Address and Inauguration:

Dpty. CM Mallu Bhatti delivered an address, officially inaugurating the conference and underscoring the government’s commitment to supporting the dairy industry.

Keynote Address:

Dr. Meenesh Shah, Chairman of NDDB, Anand, delivered a thought-provoking keynote address, sharing insights and strategies to drive innovation and sustainability in the dairy sector.

Release of Coffee Table Book:

A coffee table book highlighting the journey and achievements of the dairy industry was unveiled, capturing the essence of its evolution over the years.

Dr. Dheer Singh, Director of NDRI, Karnal, addressed the audience, shedding light on the latest advancements and research initiatives in the dairy domain.

Release of Special Cover:

The Department of Posts and Telegraphs released a special cover commemorating the significance of the dairy industry, showcasing its cultural and economic importance.

Special Address by Piercristiano Brazzale:

Piercristiano Brazzale, President of International Dairy Federation (IDF), delivered a special address, sharing global perspectives and best practices to inspire innovation and collaboration.

Distribution of Mementos:

Guests were honored with mementos as tokens of appreciation for their participation and support towards the success of the conference.

Vote of Thanks:

Dr. R. Subash, Secretary of IDA, extended heartfelt gratitude to all participants, sponsors, and organizers for their invaluable contributions, bringing the inaugural ceremony to a close on a note of gratitude and optimism.

Conclusion:

The inauguration of the 50th Dairy Industry Conference marked a significant milestone in the journey of the Indian dairy sector, symbolizing collaboration, innovation, and collective efforts towards its sustainable growth and development. As the conference progressed, it promised to be a platform for meaningful discussions, exchange of ideas, and forging partnerships to overcome challenges and seize opportunities in the dynamic landscape of the dairy industry.

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