Mediakit 2017

Reduce customs duty on chilled & frozen sea food to 10%

on . Posted in News

INDIA : Factors like growing affordability, rising health consciousness, increasing consumer awareness and with more women getting into jobs are together likely to boost demand for frozen chicken and sea food products.

Apex industry body Assocham has urged the Union Government to reduce customs duty on chilled and frozen sea food from present level of 30% to 10% to bring down food inflation and satiate high demand for sea food in India.

 

“Local fisheries will not get affected by imports because sea food availability in India is much lower than its demand,” highlighted Assocham in its pre-budget memorandum (indirect taxes) submitted to the Centre.

“High import duty makes it unviable to bring-in a variety of sea food products available globally which shall reduce food inflation tremendously and provide much-needed proteins to Indians at cheap cost,” said D.S. Rawat, secretary general of Assocham.

The chamber has also suggested the Union Government to reduce customs duty on chilled and frozen poultry meat (chicken) to 20% for whole chicken and that in parts as it is unlikely to destabilise the Rs 40,000 crore Indian poultry industry because majority of Indian market prefers live poultry over frozen food.

Factors like growing affordability, rising health consciousness, increasing consumer awareness and with more women getting into jobs are together likely to boost demand for frozen chicken and sea food products.

Source: India Infoline News Service

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