DS&VO notified regarding the Sugar mill-wise Export Quantity of sugar for export in the Sugar Season 2022-23

Apr 19, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Directorate of Sugar and Vegetable Oils (DS&VO) on November 05, 2022, issued a notification regarding the Sugar mill-wise Export Quantity of sugar for export in the Sugar Season 2022-23.

The following has been stated namely: -

• Government has decided to allow the export of sugar up to a reasonable limit with effect from November 01, 2022, till October 31, 2023, to prevent uncontrolled export and to ensure sufficient sugar availability.

• The Sugar mill has been allocated 60 LMT of sugar for export for sugar season 2022-23 effective from November 01, 2022.

• All grades of sugar can be exported by a sugar mill/refinery/exporter up to the extent of the prescribed quantity.

• Export quota of 60 LMT has been pro-rated amongst those sugar mills which operated in at least one sugar season amongst the last three sugar seasons by taking into account the average production of sugar achieved by the sugar mills during the last three operational sugar seasons, in the following manner: -

Average production of a sugar mill in operational Sugar Seasons X 60 LMT

____________________________________________________________

Average production of sugar by all mills in operational Sugar Seasons

• All the sugar mills have been allocated a uniform export quota of 18.23% of their 3 years’ average production of sugar in operational sugar seasons. 

• The Sugar mill-wise export quota is attached to the Annexure.

• The new sugar mills which may commence sugar production for the first time during the sugar season 2022-23 or the mills which were closed in the previous three sugar season(s) but may restart in the sugar season 2022-23 or the mills whose names are not indicated in the Annexure will be allocated export quota of 18.23% of their estimated sugar production in sugar season 2022-23 duly verified by respective Cane Commissioner.

• The Modalities to undertake the export of sugar have been stated

• Customs authorities may allow the export of refined sugar by the refinery/sugar mill/exporter provided The quantity is within the export quota allocated to a sugar mill

• The export restrictions will not be applicable for the export of refined sugar produced after procuring raw sugar under the Advance Authorization Scheme (AAS)

 

[Notification No. F.No. 1(1)/2022-Trade]


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