Cabinet includes mon ammonium phasphate under concession scheme

New Delhi, Oct 1 (UNI) The Cabinet Committee on Economic Affairs (CCEA) today approved a proposal that imported mon ammonium phosphate (11:52:00) will be included under the concession scheme for decontrolled P and K fertilisers prospectively.

The import of MAP (11:52:00) on government account will be within overall ceiling for imported di-ammonium phosphate in 2007-08 to the extent of shortfall in availability of DAP.

There will however be no such restriction on import of MAP (11:52:00) by private importers subject to the Concession payable on imported DAP. The price of imported MAP grade (11:52:00) will be fixed prospectively at Rs 9,350 per tonne at par with DAP.

For calculation of the base concession rates and monthly escalation or de-escalation rates, the method adopted for calculation of concession for imported DAP will be adopted.

Base concession rate for imported MAP grade (11:52:00) will be adopted and announced at Rs 9,398 per tonne for 2007-08 effective from the date of approval. This will reduce dependence of the country on imported DAP and will help in stabilising the prices of other phosphatic fertiliser.

UNI