Revised concession rates of fertilizers For making on account payments to the fertilizer companies, the CCEA again revised the base rates of concessions. For indigenous fertilizer the rate has been decreased, in case of Di-Amonnium Phosphate (DAP), the rate is decreased by Rs. 1,100 per tonne and Rs.100 for Single Super Phosphate (SSP), it has been increased by Rs. 150 per tonne for Mureate of Potash (MOP). The new rates would consequently be Rs.2, 800 per tonne for indigenous DAP, Rs. 700 per tonne for SSP and Rs. 2,800 per tonne for MOP. The rate for imported DAP would remain at Rs. 950 per tonne. The rate for complexes, in turn, would range from Rs.1,577 to Rs.2,800 per tonne. In order to revise the rates of concession, the Cabinet panel decided to authorise the department of Agriculture and Cooperation (DAC). For MOP if the cost of imports go beyond $ U.S. 122 per tonnes and that of imported DAP in case of large variations in the international price, so that there was no shortage of the two fertilizers. It decided not to make any further changes in the MRP of the fertilizers, as reported. |
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