Government permits 2,095 tonnes of more sugar to US under quota
Source: PTI The government has permitted export of an additional 2,095 tonnes of raw sugar to the USA under the tariff rate quota (TRQ), which entitles shipments to enjoy low tariff. Earlier, 8,424 tonnes of raw sugar has been notified for export to the US under this quota. "Additional quantity of 2,095 MTs (tonnes) of raw cane sugar to be exported to the USA under TRQ up to 30.09.2015 has been notified," Director General of Foreign Trade said in a public notice. TRQ is a quota for a volume of exports that enters the US at low tariffs. After the quota is reached, a higher tariff is applied on additional imports. The additional quantity of the sweetener was allowed to the ...
