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May 21: Salt Trading Corporation (STC) is importing 50,000 metric ton sugar from India. In a bid to end private sector’s monopoly and avail sugar at a reasonable price, STC started the import,” said Kumar Raj Bhandari, General Manager of STC.
In the recent days, an artificial shortage of sugar is seen in the market. To cope with the shortage, the government permitted STC to import 50,000 metric tons of sugar. Immediately after the shortage, STC submitted a proposal of importing sugar in one percent customs charge to Finance Ministry which the ministry accordingly permitted. As per the government’s permission, STC purchased 50,000 metric tons of sugar from Renuka Sugar Mills, Haldiya, India through tender.
According to Bhandari, in the first phase, 2500 metric tons of sugar has been brought up to Raxaul through railway. The sugar has been purchased with Rs 5 billion through tender bidding. “In the first phase, 2500 metric tons of sugar has been brought, STC is expediting the process of bringing the rest,” he added.
STC imported the sugar with the permission of the Finance Ministry with a tax concession of 14 percent. After procuring the entire quantity, price of the sugar will be calculated after the calculation of cost, transportation and customs charge.
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<p style="text-align: justify;">In the recent days, an artificial shortage of sugar is seen in the market. To cope with the shortage, the government permitted STC to import 50,000 metric tons of sugar. Immediately after the shortage, STC submitted a proposal of importing sugar in one percent customs charge to Finance Ministry which the ministry accordingly permitted. As per the government’s permission, STC purchased 50,000 metric tons of sugar from Renuka Sugar Mills, Haldiya, India through tender.</p>
<p style="text-align: justify;">According to Bhandari, in the first phase, 2500 metric tons of sugar has been brought up to Raxaul through railway. The sugar has been purchased with Rs 5 billion through tender bidding. “In the first phase, 2500 metric tons of sugar has been brought, STC is expediting the process of bringing the rest,” he added. </p>
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<p style="text-align: justify;">In the recent days, an artificial shortage of sugar is seen in the market. To cope with the shortage, the government permitted STC to import 50,000 metric tons of sugar. Immediately after the shortage, STC submitted a proposal of importing sugar in one percent customs charge to Finance Ministry which the ministry accordingly permitted. As per the government’s permission, STC purchased 50,000 metric tons of sugar from Renuka Sugar Mills, Haldiya, India through tender.</p>
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