29 March 2018

Govt allows export of 2 million tonnes of sugar

Govt allows export of 2 million tonnes of sugar


The government has allowed export of two million tonnes of sugar until the end of the 2017-18 marketing year, in order to clear surplus stocks and improve cash flow to millers for making payment to sugarcane farmers. 

The government has also allowed export of white sugar till September 2018 under the Duty-Free Import Authorisation (DFIA) scheme, under which exporters are allowed to import sugar at zero duty within three years.

Source- The Hindu Business Line



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