Restrictions on Sugar Exports: Efforts are being made by the Central Government to provide relief to the common man on inflation. After petrol-diesel, edible oil and wheat, now the central government has taken a big decision on sugar. After banning the export of wheat, the government has banned the export of sugar from June 1. Its purpose is to increase the availability of sugar in the domestic market and prevent price rise.
Custom duty on oil imports abolished
Information about the ban on the export of sugar was given by the Ministry of Consumer Affairs. Earlier, the custom duty on the import of sunflower and soybean oil was abolished by the government. The impact of this decision will be directly on the price of edible oil. The Directorate General of Foreign Trade (DGFT) said in a notification, ‘The export of sugar (raw, refined and white sugar) has been kept in the restricted category with effect from June 1, 2022.’
Sugar will be exported in certain quantities
It was also told in the notification that this restriction will not apply to sugar being exported to the European Union and the US under CXL and TRQ. A certain amount of sugar is exported to these regions under CXL and TRQ.
100 MLT sugar export allowed
In order to maintain domestic availability and price stability of sugar in the country during the sugar season 2021-22 (October-September), it was decided to ban sugar exports from June 1, a statement said. In order to maintain domestic availability and price stability during the sugar season, it has been decided to allow export of sugar up to 100 LMT (Lakh Metric Tonne).
According to the order issued by DGFT, from June 1, 2022 to October 31, 2022, or till further orders, whichever is earlier, the export of sugar will be allowed with specific permission of Directorate of Sugar, Food and Public Distribution Department. .