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Date: 28-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment in Export policy of De Oiled Rice Bran.

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The gazette notification amends the export policy of De-Oiled Rice Bran, changing it from 'Free' to 'Prohibited'.

Key Changes

  • The export of De-Oiled Rice Bran under ITC HS code 2306 and any other HS code is now prohibited.
  • This prohibition is effective immediately and will remain in effect until November 30, 2023.
  • The notification amends Chapter 23 of Schedule 2 of the ITC HS export policy.

Impact Analysis

Impact on Exporters

  • Exporters should assess the impact on their contracts and supply chains and communicate the changes to their customers.

Impact on Farmers/Producers

  • Producers should explore alternative uses for rice bran or seek government support to mitigate potential losses.

Impact on Domestic Market

  • Domestic consumers who use De-Oiled Rice Bran as an input may benefit from lower prices.

Suggested Action Items

  • Industry associations should engage with the government to discuss the impact of the export ban and explore potential solutions.

Key Entities Referenced

Central Government: The issuer of the notification, exercising powers under the Foreign Trade (Development & Regulation) Act, 1992. Directorate General of Foreign Trade (DGFT): The department responsible for foreign trade policy and its implementation. Foreign Trade (Development & Regulation) Act, 1992: The act that empowers the Central Government to regulate foreign trade. Foreign Trade Policy, 2015-20: The prevailing foreign trade policy under which the notification is issued. ITC HS Code 2306: The Harmonized System code specifically for Oil-cake and other solid residues resulting from the extraction of vegetable or microbial fats or oils. De-Oiled Rice Bran: The specific commodity whose export policy is being amended.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-28072023-247690 xxxGIDHxxx CG-DL-E-28072023-247690 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3259] नई दिल्ली, िुक्रवार, िुलाई 28, 2023/श्रावण 6, 1945 No. 3259] NEW DELHI, FRIDAY, JULY 28, 2023/SHRAVANA 6, 1945 ubZ fnYyh] 28 tqykbZZ] 2023 का.आ. 3405(अ).—fons'k O;kikj uhfr] 2015&20 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr ;Fkk la'kksf/kr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 ¼1992 dh la- 22½ dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk “kfDr;ks a dk iz;ksx djr s gq,] dsUnz ljdkj ,rn~}kjk Mh&vk;YM jkbl cSzu dh fu;kZr uhfr ls lacaf/kr vkbZVhlh ,p,l fu;kZr uhfr dh vuqlwph&2 ds v/;k; 23 esa fuEufyf[kr la'kks/ku djrh gS%& 94 d 2306 [kyh vkSj vU; Bksl vof’k’V] pkgs ihlh eqDr rFkkfi] vkbZVhlh ,p,l dksM 2306 gqbZ gks vFkok fVfd;ka ds #i es a gks] vkSj vU; fdlh ,p,l dksM ds ouLifr vFkok ekbØksfc;y QsVl vFkok varxZr Mh&vk;YM jkbl czSu dk rys ksa ds fu’d’kZ.k l s izkIr] “kh’kZd 2304 fu;kZr fnukad 30-11-2023 rd vFkok 2305 dh oLrqvksa ds vykok fuf’k) gSA Mh&vk;YM jkbl czSu dh fu;kZr uhfr dks rRdky izHkko ls fnukad 30-11-2023 rd ^eqDr^ ls la’kksf/kr djds ^fuf’k)^ fd;k x;k gSA [Qk- la- 01@91@191@030@,,e21@bZlh@bZ&36363] larks"k dqekj lkjaxh] egkfuns'kd] fons'k O;kikj ,oa inus vij lfpo 4904 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 28th July, 2023 No. 21/2023 Subject: Amendment in Export policy of De-Oiled Rice Bran. S.O. 3405(E).—In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes following amendment in Chapter 23 of the Schedule -2 of ITC HS export policy related to export policy of De-Oiled Rice Bran: Sl. No. ITC HS Description Present Policy Policy Condition code 94 A 2306 Oil-cake and other solid residues, Free However, export of De- whether or not ground or in the form of Oiled Rice Bran under ITC pellets, resulting from the extraction of HS code 2306 and under any vegetable or microbial fats or oils, other other HS code is prohibited than those of heading 2304 or 2305 till 30.11.2023. 2. Effect of the Notification: Export policy of De-Oiled Rice Bran is amended from ‘Free’ to ‘Prohibited’ with immediate effect upto 30.11.2023. [F. No. 01/91/191/030/AM21/EC/E-36363] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-Officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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