Export Duty Current Affairs, GK & News

Minimum Selling Price of Sugar Increased by Rs 2/kg

The Central government has increased the minimum selling price (MSP) of sugar by Rs. 2 per kg to Rs. 31. Minimum Selling Price Minimum Selling Price is the rate below which the mills cannot sell sugar in the open market to wholesalers and bulk consumers like beverage and biscuit makers. Rationale behind the Increase The decision to increase the ..

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Union Government abolishes export duty on iron ore pellets

The Union Government has abolished export duty on iron ore pellets in order to make the commodity more competitive amid weakening prices due to subdued demand. In this regard Central Board of Excise and Custom (CBEC) has issued a notification mentioning that export duty on iron ore pellets has been reduced to zero from 5 ..

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