India permits additional sugar exports to UK
The Indian government has allowed exports of an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota (TRQ) to the UK. TRQ is applicable for a set volume of exports that enter the UK at relatively low tariffs. After crossing this quota limit, the exports are subjected to a higher tariff rate.
“The additional quantity of 3,675.13 tonne of raw/refined sugar to be exported to UK under TRQ up to September 30 this year is notified,” Directorate General of Foreign Trade (DGFT) said in a public notice.
The quota will be operated by Agricultural Products Export Development Authority (APEDA) as the implementing agency for the export. This quantity is beyond the EU CXL sugar quota of 10,000 tonnes during 2020-21 that was notified by the DGFT in 2020. By availing CXL concessions on exports to the EU, traders can export sugar at a relatively low or zero customs duty.