Friday, January 24th, 2020

Change in the policy of export of Preferential Quota sugar to EU under CXL quota

nirmala sitharaman invcINVC NEWS

New Delhi, The Preferential Quota Sugar to EU was being exported through State Trading Enterprise (STE) subject to quantitative ceiling notified by DGFT from time to time. However, with a view to extend the benefits of export of Preferential Quota sugar to EU to the entire sugar industry in the country, the Government has now decided to liberalize the export policy in respect of export of Preferential Quota sugar to EU from ‘STE’ to “Free” regime subject to quantitative ceiling notified by DGFT from time to time. The Certificate of Origin shall be issued by the Additional DGFT, Mumbai. The exporters shall be required to furnish the details of actual exports to the Additional DGFT, Mumbai as well as to APEDA. Change in the policy of export of Preferential Quota Sugar to USA under TRQ quota: The Preferential Quota Sugar to USA was being exported through State Trading Enterprise (STE) subject to quantitative ceiling notified by DGFT from time to time. However, the Government has now decided to change the export policy in respect of export of Preferential Quota sugar to USA from ‘STE’ to “Free” regime subject to quantitative ceiling notified by DGFT from time to time. The quota will be operated by APEDA, New Delhi as per the modalities and operational guidelines to be notified by APEDA. The exporters shall be required to furnish the details of actual exports to the APEDA, New Delhi. The Certificate of Origin, if required, shall be issued by the Additional DGFT, Mumbai. The change in the policy of the preferential sugar quota will enable all sugar industries in the country to export sugar subject to a minimal requirement of registration from APEDA or DGFT. A Notification in this regard has been notified by the Government on 20th April, 2015.

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