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Plan to levy octroi on gold, silver rejected Saturday, June 30, 2001
Ahmedabad, June 28: The Ahmedabad Municipal Corporation has rejected the proposal to charge octroi on bullion entering the city. While the municipal commissioner had proposed an octroi of 1 per cent, it was later scaled down to 0.5 per cent.
The mayor, Mr Himmatsingh Patel, said the state government had declared that no octroi would be charged on these items. Badruddin Sheikh, chairman of the standing committee, said, “We heard representations from various trade bodies and felt that this would shift the business away from the city as it did in Mumbai.”
News Source : Times Of India News Service [ Lightning News ]