Government decides to remove customs duty on export of sugar from its current level of 20% to zero percent

Mar 22, 2018 | by Avantis RegTech Legal Research Team

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The Government of India in order to promote exports with the objective of evacuating surplus stocks from the country has decided to remove customs duty on export of sugar from its current level of 20% to zero percent as the sugar production in the country is estimated to be substantially higher than the estimated domestic consumption. Sufficient surplus stock of sugar may be available for export. This will also help in maintaining demand and supply balance and thereby stabilising the domestic sugar prices in the country.

[Release ID: 1525524]

URL: http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1525524


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