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Tea planters seek exemption from two per cent TDS on cash withdrawal over Rs 1 crore

India, ASEAN and BBN countries (Bangladesh, Bhutan, Nepal), the entire region is a huge market. Moreover, India’s trade with ASEAN has reached 81 billion dollars, which is 10% of the total foreign trade of India.”

, ET Bureau|
Nov 28, 2019, 09.50 PM IST
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Tea Industry
He added, “We are happy to note that the DoNER Minister Jitendra Singh recently said North Eastern states will open up trade and commerce with ASEAN and BIMSTEC nations through TEA and Khadi diplomacy’.
GUWAHATI: Tea planters have sought exemption from two per cent TDS on cash withdrawal over Rs. 1 crore.

Nepul Saikia, Chairman of North Eastern Tea Association (NETA) during the 19 th Biennial General Meeting (BGM) of NETA said, “Tea industry is highly labour oriented and 60% of our cost goes in paying labour wages. Though we intend to pay wages to workers through digital mode but due to non existence of infrastructure in place like Bank, ATMs, we are not able to disburse wages through electronic mode. Installation of ATMs alone is not enough but seamless internet connectivity is also required for ATMs to function smoothly.”

He added, “We therefore appeal to the Government of India to exempt tea industry from 2% TDS till the ATMs are installed with proper internet connectivity.”

He added, “We are happy to note that the DoNER Minister Jitendra Singh recently said North Eastern states will open up trade and commerce with ASEAN and BIMSTEC nations through TEA and Khadi diplomacy’. The ASEAN comprises Indonesia, Thailand, Singapore, Malaysia, Philippines, Vietnam, Myanmar, Brunei, Cambodia and Laos as member countries. Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan are the BIMSTEC member countries."

He added, “Except Indonesia, Vietnam, Sri Lanka, Bangladesh and Nepal, all other countries of ASEAN and BIMSTEC do not produce any significant quantity of tea but at the same time they are all tea drinking nations. Assam has the unique locational advantage of being the closest landmass of the vibrant economies of the South East Asian countries.North East India is the only part of India having physical contiguity with the ASEAN region and considering the population mass of 800 million comprising North East

India, ASEAN and BBN countries (Bangladesh, Bhutan, Nepal), the entire region is a huge market. Moreover, India’s trade with ASEAN has reached 81 billion dollars, which is 10% of the total foreign trade of India.”

Arun Kumar Ray, Deputy Chairman of Tea Board of India said, “In a big country like India we cannot stop production and the tea production is bound to go up. So we only have to find ways to see that additional tea produced is consumed, either internally or exported. For that there is only one way out that is quality, it is quality, quality only can help to survive in the battle of the taste”.

He added, “We have talked about a technological initiative from the Chai Sahyog, which allows the factory to automatically know from where and which small farmer the tea has been sourced. You will not be able to right now find out, mainly if the tea is contaminated at that place or not but you will have a general idea about the area where the contaminated tea leaves or green leaves are coming from. So that is the initiative and the technological input with regard to accessing the green leaf MRL (Maximum Residue Limit ) content, to my knowledge is not yet functional. It may be functional in a year or two but the TRA (Tea Research Association) has already found out the methodology of calculating the fine leaves count with the company called Agnext.

He added, "Chai Sahyog which has been made by four young boys from IIT who are based in Guwahati and we believe that coupled to the new action platform that is coming up in Jorhat, Assam, will take Assam Tea way forward”.
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