AMN /
The government has relaxed norms for sugar exports by doing away with the registration requirement with the Commerce Ministry. In a notification, Director General of Foreign Trade (DGFT) said, the requirement of registration of quantity with DGFT for export of sugar has been dispensed with. Earlier, prior registration of quantity with DGFT was mandatory. At present, the exporters have to take Registration Certificate from DGFT, which are issued for a maximum 50,000 tonnes.
The industry has welcomed the move and said this will help to expedite sugar exports from India, which is saddled with surplus stock. Director General of Indian Sugar Mills Association Abinash Verma yesterday said, in the current environment when exports are unviable, registration Certificate requirement could have delayed exports. So, this is a good decision. India exported 1.26 million tonnes of sugar during October 2014 to April 2015 of the ongoing marketing year.