Trends

India bans export of broken rice

After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification

 

“Export Policy of broken rice …is amended from Free’ to Prohibited’,” the Directorate General of Foreign Trade (DGFT) said in a notification dated September 8, 2022.

The notification comes into effect from September 9, 2022.

Understanding India's Foreign Trade Policy & how every business can benefit  from it - The Economic Times

Provisions under the Foreign Trade Policy 2015-2020 regarding the transitional arrangement shall not be applicable to this notification, it added.

After imposing 20% duty on non-basmati rice, India bans export of broken  rice | The Financial Express

The government on Thursday imposed a 20 per cent export duty on non-basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season.

According to a notification by the revenue department, an export duty of 20 per cent has been imposed on ‘rice in husk (paddy or rough)’ and ‘husked (brown) rice’.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button