Food Dept. GOI notifies changes in scheme of assistance to sugar mills for expenses on export of sugar

705

The Central Government, with a view to facilitate export of sugar during the sugar season 2019-20 thereby improving the liquidity position of sugar mills enabling them to clear cane price dues of farmers for sugar season 2019-20, notified the Scheme for providing assistance to sugar mills for expenses on marketing costs including handling, upgrading and other processing costs and costs of international an internal transport and freight charges on export of sugar on 12th September 2019.

On 14th September 2020 the Department of Food & Public Distribution in a notification announced changes in Para 4 (iii) and Para 7 of the notification.

According to the notification, the claim for each tranche should be submitted within 180 days (which previously was 90 days) from the date of issue of the last bill of lading for which claim is being made. Delayed submissions beyond 180 days (which previously was 90 days) but put up to a maximum of 270 days (which previously was 180 days) from the date of issue bill of lading would be allowed, subject to a deduction of 10 percent of the admissible amount. No claim shall be admissible after 270 days (which previously was 180 days) from the date of the issue of bill of lading with respect to exports made during the particular month under consideration.

Para 7 – The sugar mill concerned shall submit a bank certificate of export and realization by the bank for the exports made within 240 days (which previously was 120 days) from the date of release of assistance.

Click here to view the notification

 

To Listen to this News click on the play button.

LEAVE A REPLY

Please enter your comment!
Please enter your name here