‘Cashew trade in Goa will face closure if cess not withdrawn’

The Goa Cashew Manufacturers Association (GCMA) and the Goa Chamber of Commerce and Industries (GCCI) have both written to the chief minister demanding that the 1% cess reintroduced on purchase and import of raw cashew within Goa be immediately rolled back. Over the last two decades, the number of cashew processing units in Goa have come down from 40 to just 8 to 10. With the cess reintroduced, cashew processing industry in Goa may completely shut, the GCMA has said.