Reetu | Dec 13, 2022 | Views 51487
CBIC issued Instructions on Export of Sugar; Allows Sugar Exports of up to 60 LMT in Sugar Season 2022-23
The Central Board of Indirect Taxes and Custom(CBIC) has issued Instructions for Sugar Policy and Sugar Mill wise export quantity of sugar for export in sugar season 2022-23.
Referring to Instruction No.07/2022 issued dated 31.05.2022, where it is stated that DGFT Notification No.10/2015-20 dated 24.05.2022 amended the export policy of sugar (Raw, Refined and White Sugar) placing them under restricted category from 01.06.2022. Thus, Export of sugar (Raw. Refined and White Sugar) will be allowed, only upon production of specific permission by Department of Food and Public Distribution (DFPD) from 01.06.2022.
In the partial modification to above mentioned DGFT Notification, DGFT has now issued Notification No. 40/2015-2020 dated 28.10.2022, issued vide F. No.01/91/180/879/AM08/EC/Vol.8/E-20749 regarding extension of the date of ‘Restriction’ by the Government, on export of sugar (Raw Sugar, Refined sugar and White Sugar) under HS Codes 1701 14 90 and 1701 99 90 beyond 31st October, 2022 till 31st October 2023.
The Government has decided to grant sugar mill wise export quota of 60 LMT of sugar for export for sugar season 2022-23 w.e.f. 01.11.2022. The modalities to undertake export of sugar and guidelines thereof is in the OM F. No. 1 (1)/2022-Trade dated 05.11.2022 received from Department of Food & Public Distribution.
For Official Notification Download PDF Given Below:
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