INDIA MOVES TO SLASH HIGH SUGAR IMPORT DUTIES
April 1st, 2011
BY JEN SWANSON
THE INDIAN government is considering reducing its import levy on sugar after a two-year-old duty free import exemption expired on March 31, restoring the old punishing rate of 60%. With global sugar supplies tight and prices high, the country's consumer affairs, food and public distribution ministry has proposed reducing the duty to 15%. An official said this would help ease India's high rates of food price inflation, running at 9.18%, albeit down from a record 18% in 2010. While discussions on lowering the rate are held, the existing 60% rate ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.