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Daman, DNH decrease 5 per cent VAT on diesel

The administrator of Daman and Diu, and Dadra and Nagar Haveli (DNH), Narendra Kumar today announced a decrease of five per cent in the Value Added Tax (VAT) for diesel prices in the two Union Territories (UT). The announcement was made on the occasion of 58th Liberation Day of DNH by Kumar, who further said, "Five per cent VAT is being reduced on diesel, which earlier was 20 per cent. Now it will come down to 15 per cent and help minimise the burden of inflation on the consumers." Kumar said the price of diesel in the two UTs was higher than Maharashtra, but after the reduction in VAT, it will come down. Daman Petroleum Dealer Association President Aspi Damania told to PTI that rate of diesel in Gujarat was Rs 47.71, while in the UTs was Rs 45.04. After reduction of 5 per cent VAT, the price in the two UTs would come down to Rs 43, he said. Earlier, the 58th Liberation Day of DNH was celebrated with great pomp marking independence of the UT from Portuguese rule on August 2, 1954. Kumar, in his address, said that DNH was developing progressively in health, education, industries and tourism sector. He further added that the Central government had sanctioned supply of 1320 MW Electric power from Navsari to give quality electric power to industries in the UT.

 



 

Source: IBNLive.com, India,  dated 02/08/2011

 

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