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Mumbai: To encourage export of sugar through Mumbai port, Volume Discount Scheme (DCS) has been introduced for sugar shipments.
In a circular issued on April 1, 2019, to Indian Sugar Exim Corporation, All India Sugar Trade Association, and others, Mumbai Port Trust has requested the sugar exporters to avail the rebate in stevedoring charges.
Following guidelines have been laid down by Mumbai port to avail the rebate in stevedoring charges with effect from April 1, 2019:
(1) If an exporter has a shipment of 1 lakh tons and above of sugar in three months period from April 01, 2019 to June 30, 2019, he shall be eligible for 20 per cent rebate in stevedoring charges at the end of three months period i.e June 30, 2019.
(2) If an exporter has a shipment of two lakh tons and above sugar in nine months period from April 01, 2019 to December 31, 2019, he shall be eligible for 20 per cent rebate in stevedoring charges at the end of nine months period i.e December 31, 2019.
(3) If the exporter has already availed rebate of 20 per cent for handling of sugar in the first three months, he shall get rebate only on the balance tonnage after deducting the tonnage and rebate amount already availed.
Earlier too on October 5, 2018, the government had issued notifications to assist sugar mills and for providing expenditure towards transport on export.
The government had provided assistance to sugar mills by defraying expenditure towards internal transport, freight, handling and other charges to facilitate export during SS 2018-19 at Rs 1,000 per metric tonne (MT) for the mills located within 100km from the ports, at Rs 2,500 per MT for the mills located beyond 100km from the port in the coastal states and at Rs 3,000 per MT for mills located in other than coastal states or actual expenditure, whichever is lower.
To trim the bulging sugar stocks, the government had asked domestic sugar mills to mandatory export 5 million tonnes in the 2018-19 marketing year.
India’s sugar exports have been likely to be far lower than a 5 million-tonne target set by New Delhi as the strengthening rupee and falling global prices make shipments unattractive despite a government push for overseas sales, industry officials said.
Earlier while commenting on sugar export, Mr. Kiran Wadhwana told ChiniMandi that going by the current trend, I expect about 3 to 3.5 MMT out of the 5 MMT to be exported in 2018/19 sugar year.
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