A finance ministry notification said molasses resulting from the extraction or refining of sugar will attract 50 per cent export duty.
ISMA said it remains committed to working closely with the government and other stakeholders to find solutions that benefit farmers, consumers, oil marketing companies and the sugar industry as a whole.
The taxability of ENA, which is used in the manufacture of liquor as well as for industrial and commercial purposes, has been under deliberation since 2017.
Weeks after Bihar banned sale of liquor, the Centre has asked state-owned fuel retailers to buy as much ethanol as they can from distilleries in the state for mixing in petrol.
Currently, there is a fixed excise duty of Rs 750 per tonne on molasses, a by-product of sugarcane used for manufacturing ethanol, alcohol and other products.
Aashish Tater, head of research, Fort Share Broking picks out his top favorite stocks on CNBC-TV18 that he says are multibaggers. He chooses Sandesh Limited and India Glycol.