Clarifications in relation to Supreme Court interim Judgment on SAP for 2006-07This is with reference to the Supreme court (SC) Judgment passed on 18th January,2008 in SLP petition filed by Basti Sugar Mills Limited . Therein SC has, by an interim order, set aside quashing of State Advised Price (SAP) ,earlier allowed by an interim order of Allahabad High Court dated 19th December,2007 in Basti Sugar Mills Ltd's in relation to season 2006-07.

We wish to put on record that State Advised Price (SAP) for payment of Sugar cane for 2006-07 was fixed at Rs 125 per quintal by the state Government & Statutory Minimum price (SMP) was fixed as Rs 80.25 per quintal linked to basic recovery of 9% .

The aforesaid interim order would cast liability on those Sugar factories ,who have not paid their all dues as per SAP for season 2006-07.

We further wish to advise that Dwarikesh Sugar Industries Limited (our Company) has already paid off all the cane dues as per SAP for season 2006-07 & would not be affected by the aforesaid SC order.


For further clarifications, please write to

B J Maheshwari
Vice President (Taxation) & Company Secretary
Dwarikesh Sugar Industries Limited
511 Maker Chambers V,
221 Nariman point
Mumbai -4000 021
Tel :022 22832468



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