India notifies 8,424 tonnes of raw sugar exports to U.S. under tariff-rate quota
The Hindu
India enjoys duty-free sugar exports to the U.S. for up to 10,000 tonnes annually under the preferential quota arrangement.
The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota (TRQ) to the U.S., which enables shipments to enjoy relatively low tariff.
TRQ is a quota for a volume of exports that enter the U.S. at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports.
"The quantity of 8,424 tonnes of sugar (raw and/or white sugar) to be exported to the US under TRQ scheme from October 1 to September 30, 2022, has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice.
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