Govt Notifies Sugar Export Quota To EU At Concessional Rates
Govt Notifies Sugar
Export Quota To EU At Concessional Rates
New Delhi, Sep 7 (PTI) The government has
fixed an export quota of 10,000 tonne of white/raw sugar to the European Union
(EU) under a provision for a 12-month period beginning October.
The
Director General of Foreign Trade has said it has allocated “a quantity of
10,000 tonne of raw and/or white sugar under CXL concessions to the EU for the
period October 2018 to September 2019”.
As per
a provision of EU regulation, the release of sugar under this concession is
subject to the presentation of a Certificate of Origin issued by the competent
authority.
Availing
the CXL concessions on export to the EU, traders can export sugar at relatively
low or zero customs duty.
The
certificate of origin would be issued by the additional DGFT, Mumbai.
The
directorate notifies this quantity of sugar every year.
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