Breaking News

You are here » Indian-Commodity  :  Commodities  :  Sugar  :  Government allows import of 5 lakh MT of raw sugar at zero duty

06-Apr2017

Government allows import of 5 lakh MT of raw sugar at zero duty

Government has decided to allow import of a restricted quantity of only 5 lakh MT of raw sugar at zero duty through open general license. The import shall be done with zonal quantity restrictions and will be open for only millers/refiners having their own refining capacity. The scheme shall be operated by the Directorate General of Foreign Trade as per their rules and regulations.

As per information provided by Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution, this step has been taken in order to address regional production gaps and also to maintain domestic prices at reasonable levels. 

The minister enlightened that considering the quantity of sugar available as opening stocks and the production in the current sugar season, it is estimated that there is adequate quantity of sugar available in the country for domestic consumption.




Related News

View all news

Food Ministry moves Cabinet note on creating sugar buffer stock, fixing minimum ex-mill price

In order to help cash-starved millers to clear their cane arrears which have surged to about Rs 22,000 crore, the Food Ministry has moved a draft Cabinet note on creating a sugar buffer stock of 3 million......

India's sugar production stood at 310.37 LT till April: ISMA

India's sugar production stood at 310.37 lakh tons (LT) in the current season till April 30, 2018. As per data compiled by Indian Sugar Mills Association (ISMA), with 130 sugar mills still operating, majorly......

CCEA approves financial assistance to sugar mills for clearing cane dues of farmers

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to provide financial assistance of Rs 5.50 per quintal of cane crushed in sugar season 2017-18 to sugar mills to offset the cost......

Top News

View all news

Onward Network Technologies increases stake in Onward Technologies

Onward Technologies' promoter Onward Network Technologies has purchased 32,000 equity shares of the company through open market purchase for an amount of Rs 22,84,730. The transaction was executed during......

TCS features as leader for Life Sciences R&D Strategic Consulting Services

Tata Consultancy Services (TCS) has been named a leader for the second consecutive time, in the IDC MarketScape for Worldwide Life Science R&D Strategic Consulting Services. The company has extensive......

Vakrangee enters into distribution agreement with Aditya Birla Housing Finance

Vakrangee has entered into a distribution agreement with Aditya Birla Housing Finance, which shall offer distribution of Home Loan and other related products through Nextgen Vakrangee Kendras. This tie-up......