Agrochem sector seeks GST cut to spur use of crop protection chemicals

Pesticide and agrochemical makers have sought a reduction in the GST in the Price range to spur the use of crop protection chemical compounds by farmers in the place.

The Pesticide Suppliers & Formulators Affiliation of India (PMFAI) has instructed lowering GST on pesticides to 5 for each cent from the present 18 for each cent in line with other agri inputs this kind of as seeds and fertilisers.

PMFAI is an industry human body consisting of in excess of two hundred small, medium and large scale domestic pesticide brands, formulators and traders.

Elevate duty disadvantage to improve exports

Further more, PMFAI has also produced a pitch for raising duty disadvantage on exports of pesticides to 13 for each cent from the existing 2 for each cent. Also, it has instructed an improve in customs duty on imports of finished pesticide formulations or chemical compounds to a minimal of thirty

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