Indian government approved zero import duty for sugar.
The import duty for sugar in India was reduced to zero, as the Indian government released the last day on April 17. The measure was debated for months and was highly broadcasted in the national media. The Embassy of Brazil in New Delhi has already felt the repercussions of the decision, as many Indian companies are in contact with Brazilian Embassy in India showing interest in buying the product. According the press of the country, there is a expectation that a large amount of sugar will be imported by India. After approval of the government, the Ministry of Consumer Affairs, Food and Public Distribution, released a note stating that the Central Government has taken actions to increase the stock of sugar in the current season by adding effective through imports. The Indian government will also speed customs clearances for importers of raw sugar . As well in addition to facilitate imports, they will be taking actions to clear the docks for berthing vessels efficiently. According to the note of the Ministry is expected that imports are appropriate to supplement the domestic production and to meet the demand for consumption and there will not be a shortage of sugar in the market.According to Secex (Department of Foreign Trade), the Ministry of Development, Industry and Foreign Trade of Brazil has informed that from January to March, the country exported to India around 588,000 tons of raw sugar, the equivalent of U.S. $ 168 million.
Keeping posted.
BSL - Best Shipping Logistic Brazil
Ricardo Brandao
Managing Director
About the Company
- Ricardo Brandao
- Curitiba, Parana, Brazil
- BSL - Best Shipping Logistic. Established in 2009, a brand new company lead by a 18 years experienced professional in shipping industry and freight forwarding services at southern Brazilian ports: Santos, Paranagua, Sao Francisco do Sul and Itajai. One stop shopping: __________________ - seafreight quotation for Fcl, Lcl and Break Bulk. - Customs Clearance. - Warehousing. - Door Delivery. - Multimodal transportation. - Accreditation of Nvocc b/l. Our goal is to provide logistic for excellence ensuring cost effective and hassle free trade enviroment.
