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Union Budget 2021-22: 100% Agriculture Infrastructure & Development Cess on Alcohol, 35% on Apples, 5% on Cotton

Shipra Singh
Shipra Singh
nirmala
Finance Minister Nirmala Sitharama

Finance Minister Nirmala Sitharama declares in her Union Budget 2021-22 the imposing of 100% Agriculture Infrastructure and Development Cess (AIDC) on alcohol, 35% on apples, 5% on cotton, and 2.5% cess on gold and silver.

The move, according to the Finance Minister, is to benefit farmers. Customs duty is raised on cotton from zero to 10%. On raw silk, it has been raised to 10% and on silk yarn, to 15%.  

 At present, the Finance Ministry is regulating the rates in a uniform manner to 15% on rice bran oil cake, maize bran, and animal feed additives, as per a statement by the government.  

The government has also decided to withdraw end-use based cess on denatured ethyl alcohol.  

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