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September, 2006 Pragati Maidan, New Delhi, India |
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Tea Buyers to Boycott Sale Over Service Levy
Centres decide not to take part in auction
Tea buyers at the Kolkata, Guwahati and Siliguri auction centres have decided not to take part in the auction Sale No 18 scheduled on May 2-3, to protest the Union commerce ministry’s proposal to change the basis of calculating the ‘buying brokerage’.
At present, brokers in north Indian auction centres collect a volume-based buying brokerage at the rate of five paise per kg. On April 6, the Tea Board proposed tea buyers pay a “service charge” of 0.3% per kg. In the new system, the service charge would be 30 paise per Rs 100.
“Until the government withdraws its decision and calls us for discussions, buyers in the three auction centres in North India shall keep away from the auction process,” The chairman of the Tea Auction Buyers’ Asso- ciation, Calcutta, Gopal Poddar said in a newspaper intervies yesterday. The new service charge would hurt high-value exportable varieties like Darjeeling and orthodox and also quality Assam CTC teas.
Date: 30-Apr-2006
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