SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government doubles import duty on sugar to 100%

07 Feb 2018 Evaluate

The government has doubled import duty on sugar to 100% and raised duty on chana to 40%. The customs duty or import tax presently on sugar is 50% and that on chana (chickpeas) is 30%. This step has been taken to curb cheaper imports and ensure remunerative prices to domestic growers. The higher tax has been imposed with immediate effect and without an end date.

The sugar production estimate has been revised upward by 4% to 26.1 million tonnes (MT) in the current 2017-18 marketing year (October-September) as against 20.3 MT in 2016 -17. The consumption is pegged at 25 MT for this year.

The import duty on chana has been raised to 40% as government wants to contain inward shipments in view of record production of pulses to nearly 23 MT this year.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×