Home India Ministry of Commerce and Industry Amendment in Export Policy of Non Basmati White rice under H...
Date: 30-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Export Policy of Non Basmati White rice under HS code 1006 30 90

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

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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 export policy for Non-Basmati White rice (semi-milled or wholly milled rice, whether or not polished or glazed; other) under ITC (HS) Code 1006 30 90 has been changed from 'prohibited' to 'free'.
  • This change is effective immediately.
  • A Minimum Export Price (MEP) of USD 490 per tonne has been imposed on the export of Non-Basmati White rice.

Impact Analysis

Impact on Exporters

  • Increased competition in the global market is expected.

Impact on Consumers (Domestic)

  • Reduced domestic availability of Non-Basmati White rice, potentially leading to price fluctuations.

Impact on Consumers (International)

  • Increased competition from Indian exporters in the international market.

Impact on Government

  • Potential revenue generation from export duties or taxes (if applicable).

Suggested Action Items

  • The government should closely monitor domestic rice prices and take appropriate measures to mitigate potential adverse impacts on consumers.

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 legal framework under which the DGFT operates and the power to issue this notification is derived. ITC (HS) Code 1006 30 90: The Harmonized System code for Non-Basmati White rice.
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.-30092024-257598 CG-DxLx-xEG-I3D0H0x9x2x0 24-257598 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.ं 3902] नई दिल्ली, सोमवार, जसतम्ब र 30, 2024/आज‍व न 8, 1946 No. 3902] NEW DELHI, MONDAY, SEPTEMBER 30, 2024/ASVINA 8, 1946 ubZ fnYyh] 28 flrEcj] 2024 .—fon's k O;kikj uhfr] 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr] le;≤ ij ;Fkk la'kksf/kr fon's 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 Ikz;ksx djrs gq, dsUnz ljdkj ,rn~}kjk vkbVhlh ¼,p,l½ fu;kZr uhfr dh vuqlwph 2 ds v/;k; 10 ds vkbVhlh ¼,p,l½ dksM 10063090 ds rgr xSj&cklerh lQsn pkoy dh fu;kZr uhfr es a fuEukuqlkj la'kkks/ku djrh gS%& ' 1006 30 90 xSj&cklerh lQsn pkoy fuf’k) eqDr U;wure fu;kZr ¼vk/kk ihlk gqvk ;k iwjh rjg eYw ; 490 vefjdh ls ihlk gqvk pkoy] pkgs MkWyj@Vu ds v/khu gSA ikWfy'k ;k Xyst fd;k gks ;k ugh% vU;½ 2- ;g vf/klwpuk rRdky izHkko ls ykxw gksxhA 6320 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] vf/klwpuk dk izHkko% vkbZVhlh ds rgr xSj&cklerh lQsn pkoy ¼vk/kk ihlk gqvk ;k iwjh rjg ls ihlk gqvk pkoy] pkgs ikWfy'k ;k Xyst fd;k gks ;k ugha% vU;½ dh fu;kZr uhfr dks 490 vefsjdh MkWyj@Vu U;wUkre fu;kZr eYw ; ds v/khu rRdky izHkko ls ;k vxy s vkns'kks a rd ^fuf’k)^ ls ^eqDr^ dj la'kksf/kr fd;k x;k 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 28th September, 2024 No. 31/2024-25 Subject: Amendment in Export Policy of Non-Basmati White rice under HS code 1006 30 90. S.O. 4260(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 time to time, read with Para 1.02 and 2.01 of the Foreign Trade Policy, the Central Government hereby amends the Export Policy of Non-Basmati White Rice under ITC (HS) Code 1006 30 90 of Chapter 10 of Schedule 2 of the ITC (HS) Export Policy, as under:- ITC HS code Item Description Existing Export Revised Export Policy Conditions Policy Policy 1006 30 90 Non-Basmati White rice Prohibited Free Export is subject to a (Semi-milled or wholly milled Minimum Export Price rice, whether or not polished or of USD 490/tonne glazed: Other) 2. The Notification will come into immediate effect. Effect of the Notification: The export policy of Non-Basmati White rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) under HS code 1006 30 90 is amended from ‘prohibited’ to ‘free’ subject to MEP of USD 490/tonne with immediate effect and until further orders. [F. No. 01/91/171/010/AM23/EC /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.

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