India to export 745 tonne raw sugar to US

April 17, 2020 14:50

The government on Friday permitted export of additional 745 tonne raw sugar under its tariff-rate quota to the US which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs.

After the quota is reached, a higher tariff applies on additional imports. "Additional quantity of 745 MTRV (metric tonne raw value) of raw cane sugar, for export to the USA, under TRQ, up to September 30, 2020 has been notified," Directorate General of Foreign Trade said in a public notice.

With this additional quantity, India has permitted exports of 9,169 tonne of raw sugar to the US under TRQ during US fiscal year 2020. 8,424 tonne was permitted up to September 3, 2019. US fiscal year runs from October to September. India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually under preferential quota arrangement. -- PTI

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