Dissolve the sugar in the lemon juice and add the fish sauce and shredded chilis.
Put the shredded papaya in a large bowl. Add half the mint and basil, some shallot oil (the oil the shallots were fried in) and the garlic. Mix well.
Place the papaya mixture on a serving plate. Top with the remaining mint and basil, then the fried shallots and roasted crushed peanuts. Serve.