SME Times News Bureau | 21 Mar, 2018
The government has decided to to remove customs duty on export of
sugar from its current level of 20% to zero percent.
An official release said Wednesday that in order
to promote exports with the objective of evacuating surplus stocks
from the country, the Government has decided to remove customs duty
on export of sugar from its current level of 20% to zero percent.
the current Sugar Season 2017-18, the sugar production in the country
is estimated to be substantially higher than the estimated domestic
surplus stock of sugar may be available for export, said
will also help in maintaining demand and supply balance and thereby
stabilising the domestic sugar prices in the country.