Preheat grill to medium-high. Meanwhile, combine sugar, mustard, basil, onion powder and salt in small bowl; stir in TABASCO® Sauce until smooth. Rub ribs all over with TABASCO® Sauce mixture.
Grill ribs 4 to 6 inches from heat for 15 to 20 minutes, turning once, until sizzling, well browned and cooked through. Cut ribs apart.
Oven method: Preheat oven to 450°F. Place ribs, curved-side down on rack in large baking pan. Cook 30 minutes; turn curved-side up and bake 10 more minutes. (When drippings in pan start to smoke, add water to cover pan bottom.) Turn ribs over again and cook until sizzling and well browned, about 2 minutes.
Makes 4 servings.