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  • noun

Words related to octroi

a tax on various goods brought into a town

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In 1999, the PML-N led federal government had abolished Octroi and Zila Tax (OZT) and increased general sales tax (GST) from 12.
He said the RCB had planned to launch water schemes and projects for the construction of roads in different parts of the cantonment in January but could not do so as it had not been paid its share from Octroi by the Punjab government.
LBT replaced the usual octroi in various municipalities in the state on April 1 and will be imposed in Mumbai from October 1 this year.
The major contributors to PCMC's octroi collections are the auto components, engineering components, petrochemicals, and consumer durables segments.
It derives a substantial proportion of its revenues from octroi, with Tata Motors Ltd (BOM:500570) accounting for about 25% of PCMCA[cent sign]a'[not sign]a"[cent sign]s octroi collections.
CRISIL believes that PCMC will maintain its strong financial risk profile, backed by healthy octroi collections arising from robust industrial growth in its service area.
Despite its obvious revenue importance, octroi remains a controversial tax, and has been subjected to a series of criticisms.
Octroi is assessed on consignments entering by road and rail transport on the basis of weight in terms of 100 kilogram units.
The largest contribution to octroi revenues is by food items.
Municipal Governments have, in general, handed over octroi collection to private contractors.
The presence of a specific rate octroi structure implies that in the absence of discretionary changes in tax rates, revenues respond only to changes in quantities and not to a rise in prices of goods imported into municipal limits.
Table 2 presents the average effective octroi rates [EOR] for a sample of twenty-three cities in Pakistan for 89 commodities, which account for the bulk of octroi revenues.
Also, octroi rates vary significantly by type of commodity as shown in Table 3.
Analysis of optimal octroi rates can potentially be undertaken by application of the Ramsey (1927) type of principles of optimal indirect taxation.
1) If local councils are relatively more concerned about the impact of octroi rates on the profitability of industry and trade within the city than on the utility levels of residents arising from their consumption of goods, they are more likely to have lower octroi tax rates on intermediate: goods than on consumer goods.