Government softens norms for sugar exports to EU, US
The Dollar Business Bureau Now all sugar exporters will be allowed to sale certain amount of the sweetener under preferential quota to European Union (EU) countries and the United States (US). Liberalising norms for international traders, the government on Tuesday extended the benefits of preferential quota exports to the entire Sugar Industry. So far, the benefit was meant for only state trading enterprises (STE). The preferential quota sugar to EU was being exported through STE subject to quantitative ceiling notified by the Directorate General of Foreign Trade (DGFT). “The government has now decided to liberalise the export policy in respect of export of preferential quota sugar to EU from ‘STE’ to ‘Free’ regime,” the Ministry of Commerce and Industry ...
Notification on EXIM Code 1005 Maize (Corn)
Dated December 10, 2014 | Policy Circular No. 14 – (RE-2013/2009-2014) | Subject: Keeping in abeyance the Notification No. 93 dated 29.09.2014 in respect of item at EXIM Code 1005 Maize (Corn) The Notification No. 93 (RE-2013) dated 29.09.2014 has, inter alia revised the Import Policy for EXIM Code 1005 – Maize (Corn) (1005 90 00 – Other), removing the item from the “State Trading Enterprises” list to “free”. The notification, however, has been challenged before the Hon’ble High Court of Andhra Pradesh and Telengana at Hyderabad in WP No.34771 of 2014 and in pursuance of the prayer im WPMP no. 43494 of 2014, the Hon’ble High Court passed interim order dated 21.112014, maintaining status quo by both parties till ...
