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Tax-free raw sugar for bulk users.


Date: 02-04-2010
Subject: Tax-free raw sugar for bulk users

Notwithstanding Agriculture Minister Sharad Pawar expecting sugar production exceeding the total domestic demand of 23 million tonnes in the next marketing year from October 1, India allowed the bulk users like soft drink, ice cream and biscuit producers to import raw sugar tax free until April 1, 2011.

 These bulk users who account for 60 per cent of demand were so far allowed the duty-free import of refined sugar but the government decided to waive 60 per cent custom duty also on the raw sugar, so as to build up enough stocks of sugar to bring down the prices.

 India has so far allowed sugar mills to import duty-free raw sugar, so as to meet the shortage as its sugar production during the current marketing year ending September 30 is expected to be around 18 million tonnes, which is five million tonnes less than the domestic consumption.

 Pawar is, however, confident that the country’s sugar output will exceed demand in the next marketing year. He, however, refused to commit if it would mean levying back of duty on sugar imports allowed for the last two consecutive years to meet the domestic shortfall.

 India imported 3.17 million tonnes of sugar until third week of March, up from 2.52 million tonnes in the entire 2008-09 season.
Pointing out that the sugarcane plantation in the key sugar producing states like Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu and Madhya Pradesh on the rise, Pawar said a decision on reviewing the decision to allow tax-free sugar imports would be taken only after assessing the demand-supply situation.

 With fall in domestic prices over the past month, the industry has demanded that the government should re-impose the duty on sugar imports. Pawar, however, ruled out any immediate decision as he said the government wants India stock up more sugar than the domestic demand for the next 10 months before any review takes place.

 The bulk users are not allowed to hold stocks beyond ten days,  but the new notification issued by the Central Board of Excise and Customs on Wednesday says this rule will not apply to the imported sugar.

 Earlier, food processing companies were allowed to import only “refined sugar” at zero duty.



Source : 



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