The government on Tuesday notified exports of 8,606 tonnes of raw cane sugar under the tariff-rate quota (TRQ) scheme to the US for the October 2024 - September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports.
The customs wing has issued a notification in this regard to make the land port vibrant and facilitate trade. Imports will be allowed through the Bhomra-Ghozadanga road, while exports using the port remained unchanged.
Agriculture Minister Shivraj Singh Chouhan has asked the ministry officials to ensure that the infrastructure under the flagship Agriculture Infrastructure Fund (AIF) is created as per requirement and will undertake a mapping so that not only warehouses, but other facilities are also created.
Ahead of Prime Minister Narendra Modi’s arrival on an official visit to Singapore, External Affairs Minister (EAM) S. Jaishankar on Tuesday (September 3, 2024) said the time is ripe for the two countries to take their bilateral relationship to the next level.