Reduction in GST and increasing ethanol diversion brighten the prospects of Indian sugar industry.
In a significant regulatory move to encourage the use of cleaner biofuel, the Indian government has reduced GST (Goods and Services Tax) on ethanol meant for blending with petrol from 18% to 5%. Meanwhile, India’s ethanol production capacity is approaching a whopping 10 billion litres, including 6.19 billion litres of molasses-based ethanol. With 10% blending
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