Govt notifies sugar export quota of 10,000 tonne to EU at concessional rates for 12-month period beginning October
The government has fixed an export quota of 10,000 tonne of white/raw sugar to the European Union (EU) under a provision for a 12-month period beginning October
-
The Director-General of Foreign Trade (DGFT) has said it has allocated the quantity of 10,000 tonne of sugar (raw and/or white) to be exported to the EU under CXL quota from October 2019 to September 2020
-
By availing the CXL concession on export to the EU, traders can export sugar at relatively low or zero customs duty
-
As per a provision of EU regulation, the release of sugar under this concession is subject to the presentation of a certificate of origin issued by the competent authority
New Delhi: The government has fixed an export quota of 10,000 tonne of white/raw sugar to the European Union (EU) under a provision for a 12-month period beginning October.
Representational image. Reuters.
The Director-General of Foreign Trade (DGFT) has said it has allocated the "quantity of 10,000 tonne of sugar (raw and/or white) to be exported to the EU under CXL quota from October 2019 to September 2020.”
By availing the CXL concession on export to the EU, traders can export sugar at relatively low or zero customs duty.
As per a provision of EU regulation, the release of sugar under this concession is subject to the presentation of a certificate of origin issued by the competent authority.
The certificate of origin would be issued by the additional DGFT, Mumbai. The directorate notifies this quantity of sugar every year.
also read
EU threatens new sanctions on Minsk if Belarus hosts Russian nukes
"Belarus hosting Russian nuclear weapons would mean an irresponsible escalation and threat to European security. Belarus can still stop it, it is their choice. The EU stands ready to respond with further sanctions," EU's foreign policy chief Josep Borrell tweeted
Explained: The countries putting a brake on cars with internal combustion engines
The 27-nation bloc joins more than a dozen other nations which have set deadlines for ending sales of new cars with internal combustion engines (ICE), which emit toxic gasses that are a major driver of climate change
EU leaders play down bank risks as economy weakens
After a meeting in Brussels, the EU government heads said lenders in Europe are generally in sound health and in a position to weather a combination of rising interest rates and slowing economic growth