Home India Ministry of Commerce and Industry Amendment in Export Policy of Non-Basmati Rice under HS code...
Date: 2024-10-23 Category: Not Applicable 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

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Executive Summary & Key Takeaways

**Policy Summary: Amendment in Export Policy of Non-Basmati Rice** **Date:** October 23, 2024 **Issuing Authority:** Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. **Subject:** Revision of export policy conditions for Non-Basmati White Rice under HS code 1006 30 90. **Key Change:** The Central Government has removed the Minimum Export Price (MEP) requirement for the export of Non-Basmati White Rice (semi-milled or wholly milled rice, whether or not polished or glazed) under ITC HS Code 1006 30 90. **Legal Basis:** The amendment is enacted under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, and in accordance with Para 1.02 and 2.01 of the Foreign Trade Policy, as amended. **Effect:** The export of Non-Basmati White Rice under HS code 1006 30 90 is no longer subject to a Minimum Export Price, effective immediately. **Contact:** Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-Officio Additional Secretary, Government of India. Email: dgft@nic.in. F. No. 01/91/171/010/AM23/EC E-33294

Key Entities Referenced

Directorate General of Foreign Trade: The issuing authority for the notification, responsible for foreign trade regulation. Foreign Trade Development Regulation Act, 1992: The legal act conferring powers related to foreign trade regulation. Foreign Trade Policy: A policy document that guides and regulates foreign trade. Non-Basmati Rice: The specific agricultural product whose export policy is being amended. ITC HS Code 1006 30 90: The Harmonized System code for Non-Basmati White Rice, used for export classification. Minimum Export Price (MEP): A price threshold that was previously required for the export of Non-Basmati White Rice. Santosh Kumar Sarangi: Director General of Foreign Trade, the signatory of the notification. New Delhi: Location of issuing office. New Delhi, Delhi
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[To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)] Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 37/2024-25 New Delhi, Dated: 23 October 2024 Subject: Amendment in Export Policy of Non-Basmati Rice under HS code 1006 30 90 - reg S.O. (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 Revised code Policy Condition Policy Condition 1006 30 90} Non-Basmati White rice (Semi-| Free | Export is subject to a - milled or wholly milled rice, Minimum Export Price whether or not polished or of USD 490/tonne glazed: Other) 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. Ope fa (Santosh Kumar Sarangi) Director General ofForeign Trade Ex-Officio Additional Secretary, Government of India E-mail: dgft@nic.in (Issued from F. No. 01/91/171/010/AM23EC /E-33294)

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