Monday, June 20, 2011

Government to impose 15 % duty on sugar imports

Considering that the country's sugar output is higher than demand and mills wanting to export, the Food Ministry has proposed imposition of 15 per cent import duty on sugar from July 1.

It may be recalled that the government, in February 2009, had abolished import duty to improve domestic supply. With the zero-duty notification expiring on June 30, a senior Food Ministry official confirmed that the ministry had proposed a 15 per cent import duty on sugar.


No comments:

Post a Comment