TAD NewsDesk, New Delhi: India has made allowance for an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota to the United Kingdom.
TRQ (Tariff-Rate Quota) is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, the rate increases for exports.
“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.”
Agricultural and Processed Food Products Export Development Authority (APEDA) will act as the implementing agency for the export.
This additional quantity of sugar is beyond the EU (European Union) CXL sugar quota of 10,000 tonnes during 2020-21 notified by the DGFT last year.
Traders can avail the CXL concessions on export to the EU, and it could be done at absolutely low of zero customs duty.