date:Apr 07, 2013
illion) from 26 billion now, Thomas said.
But he added that there would not be any extra burden because the food and farm ministries have proposed raising the excise duty, or production tax, on sugar by 1.5 rupees per kg.
The finance ministry will decide on any changes to the production tax, Thomas said on Thursday.
India, ranking second only to Brazil, is expected to produce at least 25 million tonnes of sugar in the year through September, Thomas has said, while annual consumption is about