According to the latest reports by Maharashtra Sugar Commissionerate, 1318.61 LMT was crushed during the on-going season which ended last week. During the season, 95.77% of the FRP ( Fair & Remunerative Price) of sugarcane has been paid. The total FRP amount payable was ₹31051.17 crores. The State has issued a Revenue Recovery Certificate (RRC) to four sugar factories that have failed to pay the FRP. RRC has been issued to one factory in Solapur, one in Pune and two in Beed.
Out of 200 sugar factories that were operational 69 factories have paid 100 percent FRP, 102 factories have paid 80 to 99 percent of the FRP, 22 factories have paid 60 to 79.99 percent FRP whereas 7 factories have paid 0 to 59% FRP. The total cane arrears are ₹1315.10 crores.
According to the Sugarcane (Control) Order 1966 if a sugar millers fails to make payment for the sugarcane purchased within 14 days of the date of delivery, he shall pay interest on the amount due at the rate of 15 per cent per annum for the period of such delay beyond 14 days. Where payment of interest on delayed payment is made to a cane growers’ society, the society shall pass on the interest to the cane growers concerned after deducting administrative charges, if any, permitted by the rules of the said society.