In her Budget 2023-24 speech, Finance Minister Nirmala Sitharaman proposed that for sugar co-operatives, for years prior to A.Y. 2016-17, if any deduction claimed for expenditure made on purchase of sugar has been disallowed, an application may be made to the Assessing Officer, who shall recompute the income of the relevant previous year after allowing deduction up to the price …
The Centre has announced a hike of Rs 5 in the minimum price that sugar mills are supposed to pay farmers, raising the per quintal cost of raw sugarcane to Rs 290 per quintal effective from October this year, when the next marketing season commences. According to the industry body, the Indian Sugar Mills Association, some states declare state-specific sugarcane …
