SME Times is powered by   
Search News
Just in:   • Merger of BoB, Vijaya, Dena banks in 4-6 months: BoB MD  • Trump to slap tariffs on $200 bn worth of Chinese goods  • Encourage greater value addition for MSMEs, Prabhu to G20  • Rupee hits fresh lifetime-low again, now at 72.97/$  • Apple iOS 12 with new tools now available globally 
Last updated: 21 Mar, 2018  

Sugar agric THMB Export duty on sugar cut from 20 pc to zero: Govt

sugar012010.jpg
   Top Stories
» Encourage greater value addition for MSMEs, Prabhu to G20
» Rupee hits fresh lifetime-low again, now at 72.97/$
» Nasscom to mentor 100 tech startups every year
» Goyal inaugurates first ever India tourism Mart 2018
» Jaitley hints at no immediate cut in fuel prices
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.

During the current Sugar Season 2017-18, the sugar production in the country is estimated to be substantially higher than the estimated domestic consumption.

Sufficient surplus stock of sugar may be available for export, said the release.

This will also help in maintaining demand and supply balance and thereby stabilising the domestic sugar prices in the country.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 18 Sep, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» A GeM of opportunity(9)
» Starting an import export business: Basic guide for beginners(3)
» GeM mission launched to promote MSMEs, start-ups: Prabhu(1)
» CAD rises to $15.8 bn in first quarter on high trade deficit(1)
» AI start-ups blossom in India, need big dollars to grow(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter