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News
Centre okays sugar import at 25% duty
Date:
08 Sep 2017
Source:
The Hindu
Reporter:
PTI
News ID:
22665
Pdf:
Nlink:
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.
“To supplement the availability of sugar in southern India and to stabilise sugar price, import of 3 lakh MT of raw sugar through southern ports of India at 25% import duty under Open General License (Tariff Rate Quota) has been allowed through millers/refiners,” a food ministry statement said.
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