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Date: 15-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Policy condition 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

  • This notification extends the prohibition on the export of De-Oiled Rice Bran.

Key Changes

  • The export prohibition of De-Oiled Rice Bran under ITC HS code 2306 and any other HS code is extended from March 31, 2024, to July 31, 2024.
  • This notification modifies Notification No. 51/2023, dated December 8, 2023, regarding the policy condition of De-Oiled Rice Bran.

Impact Analysis

De-Oiled Rice Bran Exporters

  • Action Item: Explore alternative markets or uses for De-Oiled Rice Bran within India.

Livestock Feed Industry

  • Action Item: Secure alternative feed sources to mitigate potential supply disruptions.

Farmers

  • Action Item: Advocate for policies that support domestic consumption of rice bran.

Foreign Buyers

  • May lead to increased prices or changes in feed formulations for those buyers.

Key Entities Referenced

Central Government: The issuing authority of the notification, acting through the Ministry of Commerce and Industry. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and enforcing foreign trade policy. Foreign Trade (Development & Regulation) Act, 1992: The primary legislation authorizing the Central Government to regulate foreign trade. Foreign Trade Policy, 2023: The overarching policy framework guiding India's foreign trade. Notification No. 51/2023 dt. 8th December, 2023: The original notification regarding De-Oiled Rice Bran that is being modified by this new notification. ITC HS code 2306: The Harmonized System code used to classify Oil-cake and other solid residues resulting from the extraction of vegetable or microbial fats or oils.
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.-16032024-253093 xxxGIDHxxx CG-DLxx-xEG-I1D6E0x3x2x0 24-253093 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1337] नई दिल्ली, िुक्रवार, मार्च 15, 2024/फाल्ग नु 25, 1945 No. 1337] NEW DELHI, FRIDAY, MARCH 15, 2024/PHALGUNA 25, 1945 s“ ” ubZ fnYYkh] 15 ekpZ] 2024 ’k “ ” .—fon“s O;kikj uhfr] 2023 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 fnukad 08 fnlEcj] 2023 dh vf/klwpuk la- 51@2023 eas ifjorZu djrs gq, Mh&vk;YM jkbl czku dh uhfrxr “krZ ls lacaf/kr fuEufyf[kr la”kks/ku djrh gS%& “ ” “ 2306 [kyh vkSj vU; Bksl vof”k’V] eqDr rFkkfi] vkbZVhlh ,p,l rFkkfi] vkbZVhlh ,p,l pkgs ihlh gqbZ gks vFkok dksM 2306 vkSj vU; dksM 2306 vkSj vU; fdlh fVfd;ka ds #i es a gks] tks fdlh ,p,l dkMs ds ,p,l dkMs ds varxZr ouLifr vFkok ekbØksfc;y varxZr Mh&vk;YM Mh&vk;YM jkbl czku dk QSV~l vFkok rsyks a ds fu’d’kZ.k jkbl czku dk fu;kZr fu;kZr fnukad 31 tqykbZ] ls izkIr gks] “kh’kZd 2304 vFkok fnukad 31 ekpZ] 2024 2024 rd fuf’k) gSA 2305 dh oLrqvks a ds vykok rd fuf’k) gSA 2004 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] Mh&vk;YM jkbl czku ds fu;kZr ds fu’ks/k dks 31 ekpZ] 2024 ds vkxs vkSj fnukad 31 tqykbZ] 2024 rd c<+k;k x;k gSA [Qk- la- 01@91@191@030@,,e21@bZlh@bZ&36363] larks"k dqekj lkjxa h] egkfuns'kd] fon's k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 15th March, 2024 (No.76 /2023) Subject: Amendment in Policy condition of De-Oiled Rice Bran. S.O. 1403(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, 2023, the Central Government hereby, in modification of Notification No. 51/2023 dt. 8th December, 2023, makes the following amendment related to policy condition of De-Oiled Rice Bran: ITC Description Export Present Policy Revised Policy HS Policy condition Condition code 2306 OIL-CAKE AND OTHER SOLID RESIDUES, Free However, export of However, export of WHETHER OR NOT GROUND OR IN THE De-Oiled Rice Bran De-Oiled Rice Bran FORM OF PELLETS, RESULTING FROM THE under ITC HS code under ITC HS code EXTRACTION OF VEGETABLE OR 2306 and under any 2306 and under any MICROBIAL FATS OR OILS, OTHER THAN other HS code is other HS code is THOSE OF HEADING 2304 OR 2305 prohibited till 31.03. prohibited till 31st 2024. July, 2024. 2. Effect of the Notification: Export prohibition of De-Oiled Rice Bran is extended beyond 31st March, 2024 and till 31st July, 2024. [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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