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Raw Sugar Exports to Get Rs 3,300 a tonne Subsidy
Date: 04 Mar 2014
Source: The Economic Times
Reporter: PTI
News ID: 3149
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The government on Monday notified export subsidy of Rs.3,300 per tonne on raw sugar shipments undertaken during the February-March this year. The Cabinet Committee on Economic Affairs had earlier approved a proposal in this regard in February to help the cash-starved industry to pay arrears to sugarcane farmers. “The incentive shall be at the rate of Rs. 3,300 per tonne for February and March, and thereafter, be recalculated every two months after taking into account the average exchange rate of rupee vis-a-vis US dollar,” the notification said. There would be, however, a quantitative limit of 4 million tonnes for subsidy.Raw sugar produced and exported during 2013-14 and 2014-15 marketing years (October-September) are eligible for subsidy. 

 
  

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