Agriculture Infrastructure and Development Cess (AIDC)
On 19th August 2025, Government scraped import duty on cotton as well as Agriculture Infrastructure and Development Cess (AIDC) in “public interest”.
- Introduced in the Union Budget 2021-22, it is a tax that the government imposes on the commercial production of agricultural produce.
- The cess is imposed at a specific rate on the value of these goods.
- The primary objective of AIDC is to provide financial support for the development of agricultural infrastructure in India.
- The funds collected through this cess will be utilized for the creation and maintenance of agricultural infrastructure such as cold storage facilities, warehouses, and market yards.
- It ....
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