Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Clarification on Import of Sugar from Pakistan

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Clarification on Import of Sugar from Pakistan - News and Press Release Dated:- 16-5-2018 - News - It has been observed that there have been some misinformed news reports appearing in the media about import of sugar from Pakistan. Import of Sugar from Pakistan It is clarified that in FY 2018-19 (Till 14.5.2018), import of sugar from Pakistan has been just 1908 MT for a value of USD 0.6 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 57 million. In 2017-18, there was an import of 13,110 MT for a value of USD 4.68 million. We must see this import in the overall context that total annual sugar production of India is about 31.90 million MT in Sugar season 2017-18. Further, India exported 1.75 million MT in 2017-18. During April-May 2018, the total export of sugar has been 240,093 MT . Thus import from Pakistan has be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... en very miniscule as compared to total production in the country and exports from India . Further, it has been reported that Pakistan Government has provided cash freight subsidy of ₹ 10.7 per kg on sugar. Import Policy of Sugar At present import of sugar is free with a customs duty of 100%. There is no Pakistan specific restriction for any item for imports to India. India is u .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nder WTO obligation of MFN treatment (equal and non discriminatory treatment to all countries) for all WTO member countries including Pakistan. Imports Value-wise, in the year 2016-17, total import of sugar was USD 1,019 million and it declined to USD 934 million in 2017-18. During April-May 2018, the total import of sugar has been USD 37.75 million. Quantity-wise, in the year 2016-17 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , total import of sugar was 2.14 million MT and it marginally increased to 2.40 million MT in 2017-18. During April-May 2018, the total import of sugar has been 116,512 MT. Sugar is mostly imported from Brazil. Sugar if imported under Advanced Authorisation is meant for export only and not for domestic sale. For making customs duty payment, importers can use MEIS (merchandise Exports fr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... om India) scrips These scrips are either received from Government against exports as exports incentives. Alternatively, importers can purchase them from other exporters as these scrips are free tradable. Quality checks on import of sugar from Pakistan We have requested Customs to carry out rigorous inspections as well as sampling for quality testing in FSSAI labs of sugar imports parti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cularly at Mumbai and Wagha. Exports Quantity-wise, in the year 2016-17, total export of sugar was 2.54 million MT and it decreased to 1.75 million MT in 2017-18. During April-May 2018, the total export of sugar has been 240,093 MT. Value-wise, in the year 2016-17, total export of sugar was USD 1,285 million and it declined to USD 805 million in 2017-18. During April-May 2018, the t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... otal export of sugar has been USD 91 million. Statement of country wise imports and exports of sugar during last two years and 2018-19 (Till 14May) is annexed. Click here for the Data - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates