New Delhi : Union Food Minister Ram Vilas Paswan on Tuesday said that the Centre has issued a notification to increase the import duty on sugar to 50 percent from 40 percent, to restrict cheap inward shipments and protect farmers.
“Govt has issued notification to increased import duty on sugar to 50% from 40%, to restrict cheap inward shipments & to protect farmers,” he twitted.
Govt has issued notification to increased import duty on sugar to 50% from 40%, to restrict cheap inward shipments & to protect farmers.
— Ram Vilas Paswan (@irvpaswan) July 11, 2017
Earlier on March, Paswan said India has no plan to cut import duty on Sugar at least in the near term.
He said India had ample stocks of sugar and lower estimates of production provided by the trade body Indian Sugar Mills Association (ISMA) are ‘misleading’.
ANI