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India raises import tax on sugar to 50 pct: government statement
July 10, 2017 / 11:57 AM / 5 months ago

India raises import tax on sugar to 50 pct: government statement

NEW DELHI (Reuters) - India has raised the import tax on sugar to 50 percent from 40 percent, a government statement said on Monday, as part of efforts to curb cheaper imports.

FILE PHOTO: Labourers push a handcart loaded with sacks of sugar at a wholesale market in Kolkata, India, April 26, 2016. REUTERS/Rupak De Chowdhuri/File Photo

On Friday, Reuters reported that India, the world’s biggest sugar consumer, was likely to raise the import tax on the sweetener to 50 percent.

Reporting by Mayank Bhardwaj; Editing by Sanjeev Miglani

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