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Import duty on sugar increased from 25 percent

Dated:- 30-4-2015 - The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval toincrease import duty on sugar from 25 percent to 40 percent. In order improve the price sentiments relating to sugar, the Government has deci .....

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re to depress further. 2) The Duty Free Import Authorization scheme (DFIA), for sugar would be withdrawn. Under the DFIA, exporters of sugar could import duty free, permissible quantities of raw sugar for subsequent processing and disposal. To preven .....

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to six months, so as to prevent any possibility of any leakage into the domestic markets. 4) Removal of excise duty on ethanol supplied for blending. It has been decided that ethanol produced from molasses generated during the next sugar season and s .....

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price sentiments in respect of sugar and would improve the liquidity in the industry, facilitating the clearing up of arrears of canedues to farmers. Background:- The past four years have witnessed continued overproduction of sugar as compared to dom .....

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