Good news for cottonseed oil mills, license will be available easily
The Haryana government has made a relief announcement for the mills making oil from cotton seeds. From now on, cottonseed oil operators will be able to get crushing license by paying one time tax. Traders can get a license by paying a tax of Rs 42 thousand per unit spiller. Haryana Chief Minister recently gave this information in a business meeting. He said that at present, it is mandatory for the cotton unit to be brought from outside for crushing to fill the L-1 form. Which will not have to be filled after this decision. The trader running the crushing unit is very excited by this news.
Cottonseed oil being sold more expensive than palm and mustard
Right now this decision has been taken for 3 years. After that it will be reviewed again. Presently Haryana has 453 Crushing Units and 1520 Spiller Units. After this announcement, the Haryana government will get a revenue of Rs 42 thousand per spiller as processing fee. At present, Gujarat has the highest production and consumption of cottonseed oil in the country. Apart from this, it is also available in good quantity in Haryana, Punjab and MP. At present, cottonseed oil prices are higher than palm and mustard oil due to higher cotton prices. At present 10 kg cottonseed oil is being sold for Rs 1580 to Rs 1600.
it will benefit
Business will increase in the state.
There will be an increase in the revenue of the government.
Getting a license would be easy.
Regards
Team Sis
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