commodity-transaction-tax - Latest News on commodity-transaction-tax | Read Breaking News on Zee News

Commexes turnover fall 59% during Jan 1-15

Last Updated: Friday, January 24, 2014, 22:01

The turnover of 17 commodity bourses fell by 59 percent to Rs 2.82 lakh crore in the first fortnight of this month, with maximum decline in business seen at MCX, ACE and ICEX.

Commexes' turnover dips by 42% due to CTT in July 1-15

Last Updated: Sunday, August 04, 2013, 16:21

The turnover of these commodity bourses stood at Rs 7,08,342 crore during the June 16-30 period, the immediate fortnight before the introduction of CTT.

Industry seeks CTT exemption on veg oils

Last Updated: Monday, July 22, 2013, 18:13

Vegetable oil industry body SEA has sought that the government keep processed agri-items, especially soybean oil, palm oil and castor oil, out of the ambit of commodity transaction tax (CTT).

NCDEX to seek scrapping of CTT on processed foods

Last Updated: Wednesday, July 03, 2013, 15:44

Leading agri-commodity exchange NCDEX will soon approach the Finance Ministry seeking abolition of the commodity transaction tax (CTT) on processed food items such as coffee, guar gum and sugar, a top official said on Wednesday.

CTT hits turnover of MCX, NCDEX by up to 50% on first day

Last Updated: Tuesday, July 02, 2013, 20:17

CTT of 0.01 percent has been made effective from July 1 on the futures trading of non-agri commodities and processed foods.

NCDEX hails CTT notifications; sees limited impact on it

Last Updated: Thursday, June 20, 2013, 20:45

NCDEX, the country's leading agri-commodity exchange, Thursday welcomed the notification on Commodity Transaction Tax (CTT) saying the levy would have a limited impact on the bourse as 23 farm items have been exempted from this tax.

FinMin to notify CTT soon; processed food may attract tax

Last Updated: Wednesday, June 19, 2013, 21:42

Finance Ministry will soon notify the Commodity Transaction Tax (CTT) on non-agricultural items like gold and silver and is likely to bring some processed food items under the tax ambit.

MCX to make representation before FMC on CTT

Last Updated: Friday, March 15, 2013, 22:53

Commodity exchange MCX Friday said it will make representation to various authorities including market regulator FMC to reconsider imposition of commodity transaction tax (CTT) on non-agri items in Budget.

CTT on non-agri futures a discriminatory move, says industry

Last Updated: Thursday, February 28, 2013, 23:31

Led by country's biggest commodity bourse MCX, the industry on Thursday strongly opposed the imposition of CTT on non-agri futures trade cautioning that the "discriminatory" move will result in shifting of trade to global market, but rival NCDEX struck a different note by stating it will "strengthen agricultural futures".

Union Budget 2013: 0.01% transaction tax on non-agri futures trade

Last Updated: Thursday, February 28, 2013, 14:01

In a major set-back to commodity exchanges, Finance Minister Chidambarm Thursday proposed a transaction tax of 0.01 percent on non-agri futures traded on the bourses.

Commodity Transaction Tax: Why it is a bad idea

Last Updated: Monday, February 25, 2013, 17:18

It is Budget time and the issue whether the Commodity Transaction Tax (CTT) should be imposed has cropped up again. Even as the government mulls over the contentious tax proposal, the idea has been vehemently opposed by all sides.

CTT: Bourses fear Rs 150-tn business loss to dabba trade

Last Updated: Sunday, February 12, 2012, 13:11

The overall commodity derivative trade in the country is estimated to clock a total volume of Rs 170 lakh crore in the current fiscal ending next month, out of which more than Rs 150 lakh crore could shift to 'dabba' market, the exchanges fear.