Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Govt allows import of 3 lakh tonne sugar at 25% duty.


Date: 08-09-2017
Subject: Govt allows import of 3 lakh tonne sugar at 25% duty
New Delhi: The government on Thursday allowed import of 3 lakh tonnes of raw sugar at concessional duty of 25% to augment domestic supplies ahead of the festive season.

It had hiked import duty on sugar in July to 50% from 40% to curb dumping of the commodity in India as international prices fell. But to boost domestic availability and check prices, it has allowed import of 3 lakh tonnes of raw sugar at 25% duty for conversion to white sugar, a senior official said.

Sugar production in India, the world’s second largest producer, is estimated to decline to around 21 million tonnes (MT) in 2016-17 season ending September from 25 MT in the previous year. The annual demand is 24-25 MT. The government had in April allowed duty free import of 5 lakh tonnes of raw sugar to boost domestic supply.

Last month, the government had imposed stock limit on sugar mills for the next two months to keep prices in check during the festive season. By the end of September, a mill cannot keep more than 21% of its total sugar availability for the entire 2016- 17 marketing year and a factory cannot hold more than 8% at the end of October, according to the government notification issued last month.

Sugar is selling at an average price of Rs42 per kg in the retail market, while branded sweetener is available at Rs50 per kg. White sugar prices in the international market have fallen by 8% since July but raw sugar prices have remained flat. The domestic wholesale price of sugar are also flat.

Source: livemint.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 15-04-2021
Notification No.43/2021 - Customs (N.T.)
Exchange rates Notification No.43/2021-Cus (NT) dated 15.04.2021

Date: 13-04-2021
Public Notice No. 01/2015-2020
Allocation of additional quantity of 3675.13 MT (raw/refined) sugar to UK under TRQ scheme for the year 2020-21

Date: 12-04-2021
Notification No. 21/2021-Customs (ADD)
Seeks to impose anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years.

Date: 11-04-2021
Notification No. 01/2015-2020
Amendment in Export Policy of Injection Remdesivir and Remdesivir API.

Date: 09-04-2021
Public Notice No. 53/2015-2020-DGFT
Late cut for MEIS applications for exports made in the Financial Year 2019-20

Date: 08-04-2021
Notification No. 08/2021-Central Excise
Seeks to amend central excise notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 08-04-2021
Notification No. 26/2021 – Customs
Seeks to amend customs notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 07-04-2021
Public Notice No. 52/2015-2020
Change of office address of Regional Authority, Ahmedabad.

Date: 07-04-2021
A.P. (DIR Series) Circular No. 01
External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits

Date: 05-04-2021
Notification No. 41/2021-Customs (N.T.)
Seeks to notify Customs (Verification of Identity and Compliance) Regulations, 2021



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001