Sugar prices in the domestic market remain subdued with the government allowing duty-free imports of up to 500,000 tonnes of raw sugar by refineries and mills. Another reason for the suppression is that the global price of raw sugar has fallen sharply, making imports viable even at 40 per cent duty.
However, while traders will not have to pay duty on imported sugar that arrives in the current month, they may have to pay 5 per cent IGST for stocks arriving in July.
A trade representative says that under the current market situation, it is doubtful that the
However, while traders will not have to pay duty on imported sugar that arrives in the current month, they may have to pay 5 per cent IGST for stocks arriving in July.
A trade representative says that under the current market situation, it is doubtful that the