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Haryana to continue to charge market fee and Haryana Rural Development Fund on cotton at a reduced rate

Haryana Government has decided to continue to charge both market fee and Haryana Rural Development Fund on cotton at a reduced rate of 0.8%.

, ET Bureau|
Updated: Sep 24, 2013, 07.35 PM IST
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NEW DELHI: The Haryana Government has decided to continue to charge both market fee and Haryana Rural Development Fund (HRDF) on cotton at a reduced rate of 0.8 per cent each for the year financial 2013-14.

A decision to this effect was taken in a meeting held by Haryana chief minister Bhupinder Singh Hooda with the delegation of cotton and ginners association.

Mr Hooda said that this fee reduction should be given only for those stocks that are corroborated by web based gate pass and the millers could themselves download from the web. He made it clear that in case any trader or ginner is caught evading market fee and HRDF, the same may be recovered from such trader or ginner for the entire season at the rate of two per cent each.

The rate of levy of market fee on cotton and HRDF was reduced from 4 % (2 % each) to 1.6 %(0.8 % each) for the season 2011-12. The government had also extended this fee structure for the year 2012-13.

The representatives of cotton and ginners association said that that they would achieve the target of 135 lakh quintals of cotton as against the current arrival of 120.78 lakh quintals.

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