Thursday, November 21, 2024
Homesheera policyUP Government Approves New Molasses Policy: 19% Allocation for Country Liquor Production

UP Government Approves New Molasses Policy: 19% Allocation for Country Liquor Production

The Uttar Pradesh government has approved a new molasses policy for the fiscal year 2024-25, allocating 19% of molasses from sugar mills specifically for country liquor production. This decision, announced by Excise Minister Nitin Agarwal, applies to the molasses year running from November 1 to October 31.

As per the policy, this 19% molasses reserve will be supplied to distilleries for the manufacturing of country liquor. Country liquor sales contribute a significant 46% to the total excise revenue. Additionally, the policy mandates a conversion fee of ₹20 per quintal to be collected from sugar mills. It’s worth noting that the previous molasses year also saw a similar 19% allocation for country liquor.

This new policy aims to streamline molasses allocation and boost revenue from country liquor sales, aligning with the government’s revenue goals.

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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