India allows duty-free import of raw sugar

On Wednesday, the central government allowed duty free import of 500,000 tonnes of raw sugar following the estimates of domestic production this year being the lowest in the last seven years.

"In order to address regional production gaps and also to maintain domestic prices at reasonable levels, it has been decided by the government to allow import of a restricted quantity of only 5,00,000 (metric) tonnes of raw sugar at zero duty through open general license," a release quoted Food Minister Ram Vilas Paswan as saying.

At present, import duty on sugar is 40 per cent.

The minister said the import will be allowed with zonal quantity restrictions and will be open for only millers and refiners, who have their own refining capacity.

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