Indian Govt. notifies on Sugar Export Policy of 60 LMT

DELHI, India - Sept. 14, 2019 - PRLog -- In a notification issued the Department of Food & Public Distribution with a view to facilitate export of sugar during the sugar season 2019-20 (1st October, 2019 to so" September, 2020) thereby improving the liquidity position of sugar mills enabling them to clear cane price dues of farmers for sugar season 2019-20 notified the Scheme for providing assistance to sugar mills for expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of sugar as under:

• Purpose of Assistance:
The funds to be provided as assistance to facilitate export is to be used for payment of cane price dues of farmers for the sugar season 2019-20 and cane price arrears of previous sugar seasons, if any.
• Eligibility: Sugar mills which fulfill the following conditions will be eligible for assistance under this Scheme:
(a) The sugar mills should have exported sugar up to the extent of their Maximum Admissible Export Quantity (MAEQ) determined by the Central Government for such mills for the sugar season 2019-20, either themselves or through a merchant exporter. However, to become eligible to get assistance a sugar mill would be required to export at least 50% of its MAEQ.
(b) This assistance shall be available to only those sugar mills which have exported domestically manufactured sugar under Open General License (OGL) but not under "advance license", either itself or through an exporter or sourcing sugar from any other factory during sugar season 2019-20.
(c) The sugar mills which export refined sugar through the sugar refinery by way of value addition to either raw sugar obtained as input from the domestic sugar manufacturer by invalidation of license issued under Advance Authorization Scheme (AAS) or raw/white sugar through OGL shall be considered to have exported domestically manufactured sugar. The sugar mill which has originally manufactured the raw/white sugar or MAEQ holder in case of export through third party, as the case may be, shall be also eligible to receive assistance under this scheme. In this regard, the raw/white sugar manufacturer(s), MAEQ holder(s) if other than the sugar manufacturers and the sugar refinery for that purpose shall enter into bi-partite/tripartite agreement as the case may be. The refinery is also required to submit an undertaking on a non-judicial stamp paper declaring that the quantity of refined sugar has been exported by sourcing raw/white sugar from the domestic sugar mills clearly indicating the name of sugar mill(s)

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