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Friday 22 November 2024
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Indian government may consider duty benefits for tea, coffee industry

Delhi may reduce duty on import of processing machinery for the tea and coffee industry with a view to boost domestic production and exports

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NEW DELHI, India – The Indian government may consider reducing duty on import of processing machinery for the tea and coffee industry with a view to boost domestic production and exports. The industry has demanded reduction of duties on imports of machineries used in processing of tea and coffee.

While the duty on coffee processing machines are about 30%, on tea machines it is about 10%. The Commerce and Industry Ministry has suggested its Finance counterpart to consider the industry’s demand, sources said.

There are few tea and coffee machinery manufacturers in India and there is a need for modern technology to move up to the value chain, they said.

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