MANILA, Oct 22 (Mabuhay) — The Sugar Regulatory Administration (SRA) has amended Sugar Order (SO) 3, allowing for the extension of the arrival of imported sugar in the country.
In the amended SO 3, the deadline for allowing “any imported sugar” into the country was extended up until Oct. 31, from the set Sept. 30.
The SRA said they have received requests for the extension from importers due to some delay, covering the program for the crop year 2021-2022.
“Whereas, the SRA received requests to change the arrival date of any imported sugar for the above-said importation program due to vessel delays and lack of availability of container vans being experienced not just regionally but also globally,” the SRA said.
Besides the extension, the amended SO 3 also allowed the “transfer or selling of parts” of their import allocations.
“Industrial users, hereafter, to be referred to as the assignors, are allowed to transfer or sell part or the entire volume of the sugar imported under this order to other industrial users or assignees,” read Section 2 of the amended SO.
This, granted that assignors and assignees “comply with the documentary requirements” listed in the amended SO.
Under Section 3, “the reclassification of the remaining ‘C’ reserved Sugar into ‘B’ Domestic Sugar” was also allowed.
SO 3, series of 2021-2022, approved the importation of 200,000 metric tons of refined sugar for industrial users. (MNS)