Sugar export obligation extended to rein in prices

The government gave 15 more months to sugar mills to meet their export obligations in the wake of spiralling prices in the retail market.

The government on Friday gave 15 more months to sugar mills to meet their export obligations in the wake of spiralling prices in the retail market.

The mills have an obligation to export around one million tonnes of sugar against raw sugar imported between September 2004 and April 2008 under the Advance Licence Scheme of the commerce ministry.

The obligation was to be met by the end of December last.

Story continues below this ad

As a second option,the millers can also discharge their obligation by paying customs duty for the sugar imported between September 2004 and April 2008,Directorate General of Foreign Trade (DGFT) said in public notice.

The retail price of sugar has more than doubled in last one year at Rs 45 a kg and the government wants to ensure no amount of the commodity is exported under any circumstances.

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India4 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog