Dec 19, 2006

sugar sector updates

The Union Cabinet on Monday decided to allow sugar companies with export obligation under the Advance License (AL) scheme to undertake exports. However, it is not known when the companies can start their shipments. A notification to this effect is expected shortly. Under AL, companies have to re-export one tonne of white sugar against every 1.05 tonne of raw sugar imported within a period of two years.

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