India notifies 8,606 tonnes raw cane sugar exports quota to US

2024-01-03 16:15:47

The government Wednesday notified exports of 8,606 tonnes of raw cane sugar under tariff-rate quota (TRQ) to the US for 2024. The directorate general of foreign trade (DGFT) in a public notice said that the this quantity has been notified under the TRQ scheme from October 1, 2023-September 30, 2024.

“The quantity of 8,606 MTRV raw cane sugar to be exported to USA under TRQ scheme from October 1, 2023-to September 9, 2024 has been notified,” the DGFT said, adding that the quota will be operated by Agriculture and Processed Food Products Export Development Authority (APEDA).

Shipments under the TRQ enjoy lower customs duty. Post the completion of the quota, a higher duty is imposed on additional imports.

In July 2023, the Office of the US Trade Representative had announced the country-specific (including from India) and first-come, first-served in-quota allocations of the TRQs on imported raw cane sugar, refined and specialty sugar, and sugar-containing products for fiscal year 2024 -October 1, 2023- September 30, 2024.

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