GENERAL9 Sept 2026
Sugar imports remain viable despite fall in domestic prices: ISMA
Sugar imports still make business sense even though domestic prices have fallen, says ISMA President Niraj Shirgaokar. Ex-mill prices dropped to Rs 43-44 a kg from a peak of Rs 65-67 two weeks ago. The government had allowed 10 lakh tonnes of duty-free imports to control prices before festivals. Impact on retail prices may take 1-2 weeks more.
Key Statutory Highlights
- ISMA President says sugar imports remain commercially viable even as domestic ex-mill prices fall.
- Ex-mill sugar prices have dropped to Rs 43-44 per kg from a peak of Rs 65-67 per kg two weeks ago.
- The government allowed duty-free imports of 10 lakh tonnes to boost supplies and control prices ahead of the festival season.
Actionable Advice for Taxpayers / Founders:If you buy or use sugar in your business, watch retail prices over the next 1-2 weeks and see if cheaper imported lots become available.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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