India to allow duty free raw sugar imports: govt
India is likely to allow duty free imports of raw sugar for domestic sales within two weeks.business Updated: Jan 13, 2009 12:35 IST
India is likely to allow duty free imports of raw sugar for domestic sales within two weeks, the farm minister, Sharad Pawar, said on Tuesday.
"The government will allow duty free raw sugar imports in the next 10 to 15 days. Production figures are not very encouraging," Pawar told reporters.
Currently, duty free imports are allowed only if the imported raw sugar is refined and shipped out again. The proposed changes would allow a company to sell sugar locally.