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Illegal import: 16 mills face closure

Sugar worth Tk 386 er lying unsold

From our Correspondent
KUSHITA. Feb 8: Four lakh eighty thousand sugarcane growers of thc country arc now in doldrums due to faulty sugar policy adopted by thc past au tocrutlc regime aiming al ru .ination of thc sugar Industry and pulling the management of 16 sugar Mills In a precarious condition. At the same time government is being deprived of taka 16 crore as revenue by way of excise duty from sugar alone.
The sole of sugar in all the 16 sugar Mills of the country has -altogether been slopped as a result of enhanced excise duty from Tk. 2.10 per kg lo Tk. 4.84 per kg and know! edgeabie source said that this gvas done to discourage sale of sugar from the mills and lo market one lakh Metric Ions of sugar imported by vested quarter without excise duty in collaboration with high level officials of the past autocratic regime.
Enhanced excise duly which has been imposed on sugar has crossed all time record effective from July 1990 whereas excise duty on
Indta Is
place of Tk. 4.84 per kg in Bangladesh. As a result Indian IriSfan h^s‘IL^ th^ -markets and there is no crisis of sugar in thc market. Indian sugar is being sold al Tak* 24 to Taka 26 pe r kg while cost of country made sugar is Taka » 74 per kg.
Meanwhile, sugar Mills authority has failed lo sell their
.uptodatc al one lakh 30 thou
Taka 386 crores 62 lakh ar^d ’he growers are going back
c.is. ।ppointed daily without hav ing any price of their sugar cane supplied lo the Mills
When contacted. Kushtia Sugar Mills authority told this Correspondent that they re-Julrc Taka three crore immc-lalcly to pay the price of sugarcane supplied lo the Mills by the growers. Same condition prevails In other Mills also. Mills authority said they were being ghcraocd by the growers for the last seven days demanding prices of sugarcane. The present stock of sugar In the Mills stands now 10.000 Metric tons remaining unsold the price of which comes to Ta1or29 crores 74 taW»-Tbe~ Mill has so far crushed 34.53
lakh maunds of sugarcane in 92 days of operation. Similar quantity of sugarcane is now standing In the fields.
Last year kushtla Sugar Mills sold 4730 metric tons of sugar by January and this year only 179 metric tons of sugar havc been sold putting the Mills authority in a delicate position.
Mills authority admit ted that enhanced excise duty and inflow of Indian sugar Has created this grave crisis and unless and unUJ the enhanced duly is withdrawn or sale price
deteriorate .