Centre imposes stock holding limit on sugar producers for September & October 2017

Centre imposes stock holding limit on sugar producers for September & October 2017

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In exercise of the powers conferred by section 3 of the Essential Commodities Act, 1955 (10 of 1955) read with the clause 5 of the Sugar (Control) Order, 1966, the Central Government hereby directs that no producer of sugar shall hold any stock of sugar in excess of quantities at the end of the month as mentioned below:-
(a) September, 2017: 21% of the total sugar available with them during 2016-17 sugar season.(b) October, 2017 : 8% of the total sugar available with them during 2016-17 sugar season
2. Total availability of sugar of individual producer shall be calculated as under:

“Opening stock of sugar as on 1st October, 2016 + sugar produced during 2016-17 sugar season – sugar exported during 2016-17 sugar season + sugar imported during 2016-17 sugar season”.

3. Further, in exercise of powers conferred by clause 15 of the Sugar (Control) Order, 1966, the Central Government hereby authorises the State Governments and Union territory administrations to enforce this order.

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