Saturday 27 October 2012

Import duty on white sugar may be hiked


New Delhi : In order to check flooding of the domestic market, the Government is considering doubling the import duty on white sugar to 20 per cent from the existing 10 per cent, while the 10 per cent duty on raw sugar import may be scrapped, the Minister of State for Food, Prof. K. V. Thomas, said.
"We have received different proposals. One is to increase duty on white sugar imports to 20 per cent and another to scrap duty on raw sugar imports. We will discuss the issue with the Agriculture and Commerce Ministries and take it to the Cabinet in about 15 days," the Minister said.
"Duty free imports will create havoc and our industry will be totally crushed. If imports are allowed when there is surplus sugar, prices will crash to below Rs 3,000 a quintal," said Mr S. L. Gupta, Secretary, UP Sugar Mills Association

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