Search
The Indian Express

The Financial Express

Latest News

Screen

Express Computer
Feedback
Travel

Matrimonials

Careers

Lifestyle

Astrology

E-Cards

Holi
Columnists

Graffiti

Crossword

Letters

Environment

Jewellery
Info-tech

Power

Steel

Advertisers Forum

Business Forum

Morning Digest

In association with Amazon.com

Books Music

Enter keywords


INDIAN EXPRESS FRONT PAGE

Politics

Business

Expressions

General

World

Sports

Leisure

States

 

Tuesday, March 2, 1999

Hind Lever cuts down tea prices

ENS ECONOMIC BUREAU  
MUMBAI, MAR 1: Hindustan Lever Ltd, the packet tea market leader, has reduced the prices of all its packet tea brands, passing on the full benefit of the withdrawal of the eight per cent excise duty on packet tea to the consumer.

This would mean that consumers will benefit with a reduction of prices on HLL tea brands ranging from Rs 7 to Rs 14 a kg (depending on the brand), on packsizes of over 100 gm. Prices of key brands, like Brooke Bond Red Label and Lipton Taaza, will come down by Rs 11 per kg on packages over 100 gram. There was no excise on packsizes up to 100 gm. The packet tea industry, which provides safe and hygienic tea to consumers, had been declining rapidly since the imposition of excise duty. The withdrawal of duty is in keeping with government's policy of encouraging branding.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top


Ashwa Energy Capsules

Maruti Udyog Ltd.

 

Click here for a printer-friendly page Printer-friendly page



EXPRESSindia.com
News   Business    Sports   Entertainment
The Indian Express | The Financial Express | Latest News | Screen | Express Computers
Travel | MatrimonialsCareersLifestyle | Astrology
E-Cards | Graffiti | Environment | Jewellery | Info-tech | Power