India allows more than 8,000 tonne raw sugar exports to US under tariff-rate quota
Indian government on Friday permitted export of 8,424 tonnes of raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.
It is reported by The Economic Times.
«The quantity of raw sugar 8,424 MTRV (metric ton raw value) to be exported to the US under TRQ up to September 30, 2021, is notified», — the directorate general of foreign trade (DGFT) said in a public notice.
India exports duty-free sugar to the US for up to 10,000 tonnes annually under preferential quota arrangement.
TRQ is a quota for a volume of exports that enter the US at relatively low tariffs.