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  Business   In Other News  08 Jan 2018  India has no plan now to raise import tax on sugar, govt source says

India has no plan now to raise import tax on sugar, govt source says

PTI
Published : Jan 8, 2018, 1:26 pm IST
Updated : Jan 8, 2018, 1:26 pm IST

India will have enough sugar to meet domestic demand without overseas purchases

World’s biggest consumer is likely to start new marketing year on October 1, 2018 with an opening stock of 4 million tonnes.
 World’s biggest consumer is likely to start new marketing year on October 1, 2018 with an opening stock of 4 million tonnes.

New Delhi: India has no immediate plan to raise import tax on sugar as the government does not see prospects of imports from Pakistan as of now, a senior government official said on Monday.

Though the availability of sugar this year remains as tight as last year, India will have enough sugar to meet domestic demand without overseas purchases, the official, who was not authorised to speak to the media, said.

The world’s biggest consumer is likely to start the new marketing year on October 1, 2018 with an opening stock of 4 million tonnes, almost unchanged from a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.

Tags: sugar, import duty, tax, isma, sugar production
Location: India, Delhi, New Delhi