Sugar – white poison! Duty free Import of Sugar to continue till 31st December, 2010
IN yesterday's DDT, we had discussed the sour problems of the Sugar market in India. Now the Government has extended duty free import of sugar till 31.12.2010 – without any quantitative restrictions. If India starts importing sugar, it is certain to increase the sugar prices in the international market.
Mr. Sharad Pawar's NCP has a solution - “One will not die if one does not consume (costly) sugar. People could survive without eating sugar because anyways several people died of diabetes across the country.”
So maybe the people can help find a solution to this knotty problem which will hamper the economy for a couple of years by simply avoiding sugar. It is good not only for your health but the health of the national economy.
And as to how our respected pink papers understand our tax laws, this is what the great Economic Times reported today,
The deadline expires on Dec. 31, 2010, the official website www.cbec.gov.in of the Directorate General of Foreign Trade, an arm of the trade ministry showed.
They believe that the CBEC site belongs to the DGFT! Now we can see IAS aspirants arguing that the DGFT has a website www.cbec.gov.in because Economic Times reported so! And it is very difficult to change their opinion!
Coming back to shortage of Sugar, India is likely to import more than 1.5 Million tonnes of sugar - all duty free.
NOTIFICATION NO. , Dated : February 8, 2010