Sunday, September 25, 2022

Cement price shoots up due to multiple taxes

Staff Reporter

Prices of many essential items appear to be spiralling upwards even as there appears to be no mechanism to effectively check them.
For instance, the price of a 50-kg bag of cement in Dimapur, has been on an upward trend during the past few weeks. As against Rs.480 to Rs.490 per bag during the past month, the rate has now crossed the Rs.500-mark and presently settled at Rs. 510 per 50kg bag in the district.
It may be mentioned that various organisations including the Dimapur District Chamber of Commerce and Industries (DCCI) has decried the unchecked illegal taxations levied on the business community.
A cement wholesaler, speaking on condition of anonymity told Nagaland Post that rate of a 50 kg bag of cement was revised recently at Rs. 491 per bag by the distributor/agency.
According to the dealer, a particular and popular brand of cement was sold to customers ranging from Rs. 500 to Rs. 510.
He said in the month of January this year, the price of a bag of cement was Rs. 470, but it increased to Rs. 490 in February, and further increased to Rs. 510 starting February 13, 2022.
However, when asked why a 50 kg bag of cement being sold for Rs.500 and above, another dealer said it was due to illegal taxes.
He said the distributor/agency had to pay taxes multiple times to various organisations and the extra charge had to be passed on to the buyers.
Further, the dealer said that since cement fell under GST, toll tax was not collected by DMC.
When contacted, Deputy Commissioner (DC) Dimapur, Dimapur Municipal Council (DMC) and Dimapur Chamber of Commerce and Industries (DCCI) denied that they had any role in determining the sale price of cement in Dimapur.
Currently, the rate of Star cement per bag in Kohima, Mokokchung and Wokha is Rs. 520, Rs.525 and Rs. 540 respectively. All due to the cascading effect of illegal taxes imposed on the item.

SourceNPN