Cabinet approves Fair and Remunerative Price of sugarcane payable by sugar mills for the sugar season 2020-21."

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..... Cabinet approves Fair and Remunerative Price of sugarcane payable by sugar mills for the sugar season 2020-21." - News and Press Release Dated:- 19-8-2020 - News - The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Fair and Remunerative Price (FRP) of sugarcane payable by sugar mills for 2020-21 sugar season (October-September) on the recomm .....

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..... endations of the Commission for Agricultural Costs and Prices (CACP) asunder: i) FRP of sugarcane for 2020-21 sugar season at ₹ 285/- per quintal for a basic recovery rate of 10%; ii) a premium of ₹ 2.85 per quintal for every 0.1% increase above 10% in the recovery; and iii) reduction .....

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..... in FRP by ₹ 2.85 per quintal for every 0.1 percentage point decrease in recovery, in respect of those mills whose recovery is below 10% but above 9.5 percent. However, for mills having recovery 9.5 % or below, the FRP is fixed at ₹ 270.75 per quintal. The determination of FRP will be in the interest of sugarcane growers keeping in view their entitlement to a fair and remunerative pr .....

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..... ice for their produce. The Fair and Remunerative price of sugarcane is determined under Sugarcane (Control) Order, 1966. This will be uniformly applicable all over the country. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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