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

Government allows import of 5 lakh MT of raw sugar at zero duty (06-Apr-2017)

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.




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