Import window for duty-free raw sugar extended till Dec 31 - The
The government has extended the deadline for duty-free imports of 10 lakh tonnes of raw sugar to December 31, as domestic imports have lagged at just 3 lakh tonnes due to price control measures. This decision aims to mitigate supply constraints following record high sugar prices linked to reduced domestic production and exports.
Pune: The government has extended by two months, until December 31, the deadline for duty-free imports of 10 lakh tonnes of raw sugar, according to a notification issued by the Directorate General of Foreign Trade (DGFT) on Wednesday. The earlier deadline was October 31.The industry is estimated to have imported only about 3 lakh tonnes of the 10 lakh tonnes allowed under a notification issued on August 20 to ease domestic supply constraints.
