2020 Government

The “sugar scam” explained


How did the scam take place?On the October 13, 2020 the government slashed the special commodity levy on a kilo of imported sugar from Rs.

50 to 25 cents.On November 2, an importer brought down 26,000 metric tonnes of sugar and another 37,000 metric tonnes on November 25.The importer had brought down nearly 100,000 metric tonnes using the benefit of the tax reduction.At that time, the government imposed a maximum retail price of Rs.

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