The decision is likely to be taken in 10 to 15 days, says food minister KV Thomas
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New Delhi: The government may consider doubling the import duty on white sugar to 20%, food minister K.V. Thomas said on Thursday.
The minister also said the import tax on raw sugar could be abolished.
“We have different proposals on sugar,” Thomas told reporters. “One of them is to raise import duty on white sugar to 20% and scrap the duty on raw sugar.”
These could happen in 10 to 15 days, the minister said.
India, the world’s biggest producer after Brazil, imposes a 10% tax on overseas purchases of sugar.
The minister also said the import tax on raw sugar could be abolished.
“We have different proposals on sugar,” Thomas told reporters. “One of them is to raise import duty on white sugar to 20% and scrap the duty on raw sugar.”
These could happen in 10 to 15 days, the minister said.
India, the world’s biggest producer after Brazil, imposes a 10% tax on overseas purchases of sugar.
Courtesy: www.livemint.com
