Raw sugar exemption extended to other importers who get sugar manufactured from Sugar Factories / Sugar refineries
Entry No 38 B of the Notification 21/2002 Cus so far exempted raw sugar from basic customs duty if imported by a Sugar Factory / Sugar Refinery (condition given at 5A). This condition has now been relaxed and 5A has been amended to include any importer who has a valid contract or agreement with a sugar factory or refinery. This relaxation is subject to the obvious conditions like the importer should execute a Bond with the AC/DC Customs to be discharged only after getting certification from the jurisdictional Central Excise authorities.
This exemption was to expire on 1st August 2009 which has now been extended upto 31st March 2010.
A new entry 38BB has been inserted in the Notification to exempt Refined or white sugar, up to an aggregate quantity of ten lakh metric tonnes of total imports during the period up to and inclusive of 30th November 2009 subject to condition that the contract for import of such sugar is duly registered with Agricultural & Processed Food Products Export Development Authority (APEDA).
The Notification says for computing 10 lakhs MT, the quantity of Refined or white sugar already imported at nil rate of basic customs duty under this notification during the period from 17th April, 2009 up to 30th July, 2009 shall be included,
Because….
This new entry 38BB is a modification of the existing entry at 38C (which has now been omitted). 38 C had been in existence since 17th April 2009. Under this entry, the 10 lakhs MT was divided 2.5 Lakhs each amongst ( i ) STC (ii) MMTC Limited (iii) Projects & Equipment Corporation of India Ltd ( PEC ) and (iv) National Agricultural Cooperative Marketing Federation of India Ltd (NAFED).
NOTIFICATION NO. , Dated: July 31, 2009