The government has extended restrictions on sugar exports beyond October 31, 2023, until further orders, according to a notification by the Director General of Foreign Trade (DGFT) on Wednesday.
The restriction is not applicable to sugar being exported to the EU and the US, according to the DGFT notification.
“The Central Government, in exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, in partial modification of Notification No.40/2015-2020 dated 28th October, 2022, hereby extends the date of ‘Restriction’ on export of sugar (raw sugar, white sugar, refined sugar and organic sugar) under HS Codes 1701 14 90 and 17019990 beyond 31th October, 2023, till further orders,” the DGFT, under the commerce and industry ministry, said in the notification.
India imposed restrictions on sugar exports in June last year. The move was primarily aimed at increasing the availability of the commodity in the domestic market and curbing price rises.
The government has been taking several measures to facilitate the lowering of prices of commodities in the domestic markets to control inflation fuelled by geopolitical tensions, among other reasons.
The government allowed mills to export only 6.1 million tonnes of sugar during the current season ending on September 30, after letting them sell a record 11.1 million tonnes last season.
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