NEW DELHI: The government extended restrictions again on Wednesday export of sugar after October 31 this year, a move aimed at increasing the availability of the commodity in the domestic market during the festive season.
Previously, the restrictions were imposed until October 31 this year.
“Restriction on sugar exports (raw sugar, White sugar, refined sugarand organic sugar) is extended beyond October 31, 2023. Other conditions remain unchanged,” the Directorate General of Foreign Trade (DGFT) said in a notification.
However, it said these restrictions will not apply to sugar exported to the EU and the US under CXL and TRQ concession quotas. A certain amount of sugar is exported to these regions under CXL and TRQ (tariff quota).
India is the largest producer and second largest exporter of sugar in the world. An exporter would need a license or permission from the government to export sugar, which falls into the restricted category.
The government has been continuously monitoring the situation in the sugar sector, including production, consumption, exports and price developments in the wholesale and retail markets across the country.
Previously, the restrictions were imposed until October 31 this year.
“Restriction on sugar exports (raw sugar, White sugar, refined sugarand organic sugar) is extended beyond October 31, 2023. Other conditions remain unchanged,” the Directorate General of Foreign Trade (DGFT) said in a notification.
However, it said these restrictions will not apply to sugar exported to the EU and the US under CXL and TRQ concession quotas. A certain amount of sugar is exported to these regions under CXL and TRQ (tariff quota).
India is the largest producer and second largest exporter of sugar in the world. An exporter would need a license or permission from the government to export sugar, which falls into the restricted category.
The government has been continuously monitoring the situation in the sugar sector, including production, consumption, exports and price developments in the wholesale and retail markets across the country.
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