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APMCs to remains shut down across Karnataka on 21 December 2020

APMCs across Karnataka to Shut Down on 21 December 2020

Traders at the Agriculture Produce Market Committee (APMC) mandis throughout Karnataka will hold one-day bandh on Monday to oppose the State Government’s latest decision to raise the market consumer cess from 0.35% to 1% of the transaction value.

Confronted with a shortage in funding to sustain the APMC market yards, the states Government had raised the user cess to 1% from 0.35% effective December 15. The state had previously reduced the market cess to 0.35% from 1.5% in July by introducing the agri-marketing reforms initiated by the Centre through an ordinance.

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Shankaranna Munavalli, former president of the Karnataka Chamber of Commerce, Hubballi, said there should be uniformity in the implementation of the cess for traders trading within and outside APMC market yards’ jurisdiction. For customers coming to APMCs, the rise in user fees will make the trade unattractive.

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On Monday, APMCs will hold a bandh to protest the rise in market cessation. In order to map the future course of action, a meeting will be held on December 23 in Bengaluru, Munavalli said, stating that the rise in market cessation would make APMC trading undesirable for buyers.