Govt allows export of 2 MT sugar till Sept 2018 to clear surplus
The Dollar Business Bureau In a bid to further ease the sugar exports and to clear surplus stocks, the Government on Wednesday allowed export of 2 million tonnes of the sweetener till the end of the current marketing year (October to September). Earlier, the Government has scrapped the 20% export duty and doubled the duty on sugar imports to 100%. Besides, the Government has permitted the exports of white sugar until September this year under the scheme of Duty Free Import Authorisation (DFIA), in which exporters can import sugar duty-free within the next three years, till September 2021. Sugar mills in the country have to pay Rs.13,899 crore to sugarcane farmers as on March 21, 2018, as per the official data. Sugar mill are allowed ...
Allocation of quantity for export of preferential quota sugar to EU and US
The Dollar Business Bureau As per DGFT notification no.- 34/2015-2020 Dated 28th September, 2016, the Govt has fixed an export quota of 10,000 tonnes of white, raw or refined sugar to the EU under CXL concessions for 1 year beginning October 2016 to September 2017. As per notification no.- 3/2015-20 dated 20.04.2015, export of raw sugar, white or refined sugar to the EU and US is for free circulation under the CXL and TRQ quotas. The recent notification details that subject to the conditions notified in the ‘Nature of Restrictions’ in the 20th March 2015 notification, 20% Export duty is applicable on export of raw sugar, white or refined sugar w.e.f. 16 June, 2016 as notified by the Dept of Revenue. The notification ...
Amid export slump, sugar production up 6.5% till December
Since there is no parity on exports of raw sugar due to high cost of sugarcane in India and depressed global prices, the Indian exporters see a little benefit in exporting raw sugar to overseas markets The Dollar Business Bureau Indian sugar mills have received exports orders of about 0.8 million tonnes and have dispatched around 0.3 million tonnes so far Indias sugar production grew by 6.5% to 7.98 million tonnes during the first three months of 2015-16 season beginning October compared to the last season, adding to the already piled up stock of the sweetener amid export slump. Sugar output during October-December period in 2014-15 was 7.49 lakh tonnes. Among the sugar producing states, Maharashtra topped the list with 3.37 lakh tonnes, followed ...
