<h1>Cabinet Raises Sugar Import Duty to 40%, Withdraws Duty Free Import Scheme to Boost Domestic Prices.</h1> The Union Cabinet, led by the Prime Minister, approved an increase in import duty on sugar from 25% to 40% to improve domestic price sentiments. The Duty Free Import Authorization scheme for sugar will be withdrawn to prevent domestic market leakage, and the export obligation period under the Advanced Authorization Scheme will be reduced to six months. Additionally, excise duty on ethanol from molasses for blending will be removed. These measures aim to enhance liquidity in the sugar industry, helping clear arrears owed to sugarcane farmers, as the sector faces challenges from overproduction and depressed prices.