In a recent measure to prevent hoarding of essential commodities, the government has told all importers of sugar and pulses to empty the godowns at all ports within three days of receiving imports at any of them.
Beyond three days, the importers will have to pay a steep fee for storage. The revised charges will be double the rate of the first three days for 4-10 days, treble for 11-20 days and four times for 21-30 days. Storage, even with fines, is banned beyond 30 days. These take effect immediately, till March 31 next year.
A notification to this effect has been issued by the Tariff Authority for Major Ports. Official sources said in some ports sugar and pulses’ importers have been using the storage facility for parking the consignment after landing for months.
However, various importers of raw sugar, refined sugar and pulses have taken up the matter with the ministry of consumer affairs. Sugar importers said offloading a consignment from a ship itself takes more than four to five days. "It is virtually impossible to remove the entire consignment within 30 days,” they added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
