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Biscuit makers to hike prices by 10 to 20%; Rise in raw material costs
date:Aug 29, 2012
e discriminated against by the respective state governments, which levied 13.5-14 per cent value-added tax (VAT) on products manufactured by them.

As a way out, Mohandas suggested, We would like them to reduce it to five per cent so that it is on par with edibles that aren't consumed by the commoner.

He added, Three or four years ago (i.e. in 2008-2009), excise duty - known as Central Value-Added Tax (CENVAT) - was applicable to all biscuits, irrespective of their maximum retail price (MRP).

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