India allows additional 3,675 tonnes of sugar export to UK under concessional duty quota

Economy


The government has permitted export of an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota to the United Kingdom. TRQ (Tariff-Rate Quota) is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, a higher tariff applies to the exports.

“The additional quantity of 3,675.13 tonne of raw/refined sugar to be exported to UK under TRQ up to September 30 this year is notified,” Directorate General of Foreign Trade (DGFT) said in a public notice.

It said the quota will be operated by Agricultural and Processed Food Products Export Development Authority (APEDA) as the implementing agency for the export.

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This additional quantity of sugar is beyond the EU (European Union) CXL sugar quota of 10,000 tonnes during 2020-21 notified by the DGFT last year.

Availing the CXL concessions on export to the EU, traders can export sugar at a relatively low or zero customs duty.



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