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Jump to full article: Financial Express (in), 2009-10-22
Intro: The government will impose a hefty penalty of 15% of sale proceeds if farmers produce more export quality tobacco than the quota allotted to them by the Tobacco Board for the current year.
The penalty was 5% in 2008-09 season. But farmers exceeded the quota by about 18%, tempted by almost 100% increase in prices of the flue-cured variety (FCV) of tobacco, grown largely in Andhra Pradesh and Karnataka.
"The penalty has been increased to discourage farmers from cultivating surplus FCV tobacco," Tobacco Board chairman J Suresh Babu said.
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