Home› India› Ministry of Commerce and Industry› Amendment in Export Policy of Non Basmati Rice under HS code...
Date: 23-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Export Policy of Non Basmati Rice under HS code 1006 30 90 reg

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

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, amends the export policy for Non-Basmati White Rice (HS Code 1006 30 90).

Key Changes

  • The notification removes the Minimum Export Price (MEP) of USD 490/tonne for exporting Non-Basmati White Rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) under HS code 1006 30 90.
  • This change is effective immediately.
  • The amendment is made under the powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, and Para 1.02 and 2.01 of the Foreign Trade Policy.

Impact Analysis

Impact on Exporters

  • Action Item: Exporters should monitor global market prices and adjust their strategies accordingly.

Impact on Consumers

  • Action Item: Monitor domestic market prices for Non-Basmati White Rice.

Impact on Government

  • Action Item: Assess the impact on domestic rice prices and consider measures to mitigate any negative consequences for consumers.

Impact on Global Market

  • Potential impact: Increased supply of Indian Non-Basmati White Rice in the global market, potentially impacting prices and competition for other rice-exporting countries.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority of the notification, responsible for regulating foreign trade in India. Ministry of Commerce and Industry: The parent ministry under which the DGFT operates. Foreign Trade (Development & Regulation) Act, 1992: The primary legislation under which the DGFT operates and this notification is issued. Foreign Trade Policy: The policy document that governs India's foreign trade. This notification amends a section of this policy. ITC (HS) Code 1006 30 90: The Harmonized System (HS) code for Non-Basmati White Rice, which is the subject of this notification. ITC (HS) 2022: The Indian Tariff Schedule for 2022, which contains the HS codes and related export policies.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-23102024-258192 CG-DxLx-xEG-I2D3H1x0x2x0 24-258192 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.ं 4267] नई दिल्ली, बुधवार, अक्त बू र 23, 2024/कार्तकि 1, 1946 No. 4267] NEW DELHI, WEDNESDAY, OCTOBER 23, 2024/KARTIKA 1, 1946 ubZ fnYyh] 23 vDrcw j] 2024 .—le;≤ ij ;Fkk la'kksf/kr fon's k O;kikj uhfr ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr] fon's k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk 'kfDr;ks a dk Ikz;ksx djrs gq, dsUnz ljdkj ,rn~}kjk vkbVhlh ¼,p,l½ 2022 dh vuqlwph II ¼fu;kZr uhfr½ ds v/;k; 10 ds rgr vkbVhlh ¼,p,l½ dksM 100 630 90 ds rgr fu;kZr uhfrxr “krksa Z es a fuEukuqlkj la'kks/ku djrh gS%& 1006 30 90 xSj&cklerh lQsn pkoy eqDr fu;kZr 490 vejhdh ¼vk/kk ihlk gqvk ;k iwjh rjg MkWyj @Vu ds U;wure ls ihlk gqvk pkoy] pkgs fu;kZr ewY; ds v/khu gS ikWfy'k ;k Xyst fd;k gks ;k ugh% vU;½ 6915 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ,p,l dksM 100 630 90 ds rgr xSj&cklerh lQsn pkoy ds fu;kZr gsrq U;wUkre fu;kZr eYw ; ¼,ebZih½ dh vko';drk dks rRdky izHkko ls gVk;k x;k gSA bls l{ke izkf/kdkjh ds vuqeksnu }kjk tkjh fd;k tkrk gSA [Qk- la- 01@91@171@010@,,e23 bZlh@bZ&33294] larks"k dqekj lkjaxh] egkfuns'kd fons'k O;kikj inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd October, 2024 No. 37/2024-25 Subject: Amendment in Export Policy of Non-Basmati Rice under HS code 1006 30 90 –reg S.O. 4641(E).—In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with Para 1.02 and 2.01 of the Foreign Trade Policy, as amended time to time, the Central Government hereby, makes the following changes in Export Policy conditions under ITC (HS) Code 1006 30 90 under Chapter 10 of Schedule-II(Export Policy) of ITC (HS) 2022, as under :- ITC(HS) Item Description Export Existing Policy Condition Revised Policy code Policy Condition 1006 30 90 Non-Basmati White rice (Semi-milled or Free Export is subject to a - wholly milled rice, whether or not polished or Minimum Export Price of glazed: Other) USD 490/tonne Effect of the Notification: The requirement of Minimum Export Price (MEP) for the export of Non-Basmati White Rice under HS code 1006 30 90 has been lifted with immediate effect. This is issued with the approval of the competent authority. [F. No. 01/91/171/010/AM23EC /E-33294] 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.

Continue your research

Related Documents from Ministry of Commerce and Industry