With a hike in the certain goods carried by road (CGCR) tax and the electricity duty on cement, its price is all set to increase by Rs 5 to 10 per bag in the coming days.
Though major cement companies, including Adani and UltraTech, had not effected any hike in the cement price after the electricity duty was increased from 17 per cent to 25 per cent recently, the hike in CGCR tax has compelled them to re-think on the issue.
The CGCR tax has been increased from Rs 7.50 per 50 kg bag to Rs 11 per 50 kg bag as per a notification issued on September 16.
Despite the introduction of goods and services tax (GST) nationally from July 2017, the state continues to charge this levy as it was not subsumed in the central tax.
Read more at : The Tribune
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