FICI hails move to put cashew in 5% slab of GST

The Federation of Indian Cashew Industry, the apex body of India’s cashew fraternity, today welcomed the government’s decision to put cashew, cashew nut and allied products in the five per cent slab of the proposed Goods and Service Tax. FICI said such a move would greatly help the industry, now battling a string of problems in both domestic and international markets. Earlier, the GST Council had…