Export duty on molasses imposed to secure domestic supply for ethanol blending and reduce fuel import reliance. A 50% export duty has been added to the Second Schedule of the Customs Tariff Act, effective January 18, 2024, using the government's urgent power to levy ... Summary
Export duty on molasses imposed to secure domestic supply for ethanol blending and reduce fuel import reliance.
A 50% export duty has been added to the Second Schedule of the Customs Tariff Act, effective January 18, 2024, using the government's urgent power to levy export duties, to restrict molasses exports and increase domestic supply for ethanol production and to address sugar shortages and fuel-import dependence.
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TaxTMI 
TaxTMI 
