The central government has extended the deadline for companies and importers to import a total of 500,000 tonnes of raw sugar at zero duty, from June 12 to June 30.
Officials said some millers and traders had asked for this. The government has also allowed mills to import sugar from three additional ports in southern India -- Visakhapatnam and Gangavaram in Andhra and Karaikal within Puducherry. Zone-wise import quantity restrictions remain unchanged.
To ensure timely availability and to maintain the price at reasonable level, the importing mills and refineries have been given two months from the date of bill of entry or date of entry, whichever is later, to convert raw sugar into white or refined sugar.
Before this measure, the import duty was 40 per cent on sugar.
One subscription. Two world-class reads.
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
)