Chidambaram REDUCES CUSTOM DUTY ON LPG PRODUCED IN INDIA!!
The height of cheating!
WIKIPEDIA explains:-
"Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country. "
"Non-subsidised commercial LPG cylinders, however, would continue to attract customs duty of 5% and excise duty at 8%."
Custom Duty for LPG produced in india?What a cheating!!
There are some mal-practise,regarding the so-called 'under-recoveries"[started and cited as THE REASON for "LOSSES",by the OMCs, ONLY in 2005 after M M Singh became PM.Till then the same OMcs were running on profits!!!].the follwoing amount to, cheating Indians:-
1.Following Singapore benchmark based on US Dollars,when the REFINING is done in India.The price should be in INDiAN RUPEES,based on TOTAL REFINING COST.
In addition Singapore benchmark is wrong as majority Indians are poor.The Middle Class has also become poor after the massive stimuli in 2008 and the consequent Inflation.
2.LANDED COST is misused in pricing,as though the petroleum products WERE IMPORTED,whereas they are ACTUALLY PRODUCED in INDIA.
Please google for:-Unethical pricing of petroelum products in India.
"Non-subsidised commercial LPG cylinders, however, would continue to attract customs duty of 5% and excise duty at 8%."
To be continued.....
The height of cheating!
WIKIPEDIA explains:-
"Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country. "
"Non-subsidised commercial LPG cylinders, however, would continue to attract customs duty of 5% and excise duty at 8%."
Custom Duty for LPG produced in india?What a cheating!!
There are some mal-practise,regarding the so-called 'under-recoveries"[started and cited as THE REASON for "LOSSES",by the OMCs, ONLY in 2005 after M M Singh became PM.Till then the same OMcs were running on profits!!!].the follwoing amount to, cheating Indians:-
1.Following Singapore benchmark based on US Dollars,when the REFINING is done in India.The price should be in INDiAN RUPEES,based on TOTAL REFINING COST.
In addition Singapore benchmark is wrong as majority Indians are poor.The Middle Class has also become poor after the massive stimuli in 2008 and the consequent Inflation.
2.LANDED COST is misused in pricing,as though the petroleum products WERE IMPORTED,whereas they are ACTUALLY PRODUCED in INDIA.
Please google for:-Unethical pricing of petroelum products in India.
"Non-subsidised commercial LPG cylinders, however, would continue to attract customs duty of 5% and excise duty at 8%."
To be continued.....
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