The government today imposed 20 per cent customs duty on sugar exports to boost domestic supply and check prices which are ruling high at ₹40/kg. The move comes at a time when prices have surged sharply in various commodities including tomato, wheat and pulses.
“To keep the domestic prices of sugar under check, the government has decided to impose export duty of 20 per cent on the export of raw sugar, white or refined sugar,” the Finance Ministry said in a release.
A decision has been notified by the Central Board of Excise and Customs, it said. The duty has been imposed to restrict exports following sharp rise in global prices.