Economic TimesLean R·
India loosens raw sugar rules as prices soar
The government has revised the rules for duty-free raw sugar imports, giving importers up to two months from the date of filing the Bill of Entry to process the raw sugar into refined sugar and sell it in India.The change comes as domestic sugar prices have climbed sharply ahead of the festive season and the government steps up efforts to improve supplies and curb hoarding.Under the original August 20 notification, the government allowed duty-free imports of 1 million tonnes of raw sugar under …
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