The government, earlier in June announced a host of incentives to protect the domestic industry. It increased import duty on raw sugar to 40% from 15%. Subsidies of Rs. 3300/tn on raw sugar export has been extended till September. Ethanol blending with petrol in increased to 10% from 5%. Also, the repayment of interest free loan on excise duty has been increased to 5 years instead of 3 years.The government has raised the FRP on cane for the 2014-15 season to Rs.220/qtl from Rs. 210/qtl.
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