Ministry of Consumer Affairs, Food and Public Distribution issues instructions on holding of sugar stocks at the end of the month under Sugar (Control) Order, 1966

Feb 12, 2018 | by Avantis RegTech Legal Research Team

Ministry of Consumer Affairs, Food and Public Distribution vide notification dated February 08, 2018 has directed that no producer of sugar shall hold sugar stocks less than the quantity at the end of the month mentioned below:

a.   February, 2018: Not less than 83% of the closing stock as on the last date of January, 2018 + the sugar produced during the month of February, 2018 – sugar exported during the month of February, 2018.

b.      March, 2018: Not less than 86% of the closing stock as on the last date of February, 2018 + the sugar produced during the month of March, 2018 – sugar exported during the month of March, 2018.

Closing stock of sugar of individual producer at the end of the month shall be calculated as under: “Opening stock of sugar as on 1st day of the month + sugar produced during that month - sugar sold from the sugar mill during the month - sugar exported during the month”.

[G.S.R. 149(E)]

URL: http://www.egazette.nic.in/WriteReadData/2018/182683.pdf

 


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