This notification permits the export of specified quantities of Non-Basmati White Rice (HS code 1006 30 90) to Bhutan, Mauritius, and Singapore through the National Cooperative Exports Limited (NCEL).
Key Changes
The notification allows the export of 79,000 MT of Non-Basmati White Rice to Bhutan.
The notification allows the export of 14,000 MT of Non-Basmati White Rice to Mauritius.
The notification allows the export of 50,000 MT of Non-Basmati White Rice to Singapore.
Exports are permitted through the National Cooperative Exports Limited (NCEL).
Impact Analysis
Exporters
Other potential exporters are excluded from directly exporting Non-Basmati White Rice to Bhutan, Mauritius, and Singapore under this notification.
Bhutan, Mauritius, and Singapore
May reduce reliance on other sources for Non-Basmati White Rice.
Farmers and Producers
The specified quantities may influence production planning.
Consumers in Bhutan, Mauritius, and Singapore
May impact the price of rice in these markets, depending on existing supply chains and market dynamics.
Action Items
Businesses involved in rice production and export should take note of this notification and adjust their strategies accordingly.
Key Entities Referenced
Directorate General of Foreign Trade (DGFT): The issuing authority for this notification, responsible for foreign trade policy.
National Cooperative Exports Limited (NCEL): The designated agency through which the export of Non-Basmati White Rice to Bhutan, Mauritius, and Singapore is permitted.
Foreign Trade (Development & Regulation) Act, 1992: The Act that empowers the DGFT to regulate foreign trade.
Foreign Trade Policy, 2015-20: The prevailing foreign trade policy under which this notification is issued.
Notification No. 20 dt. 20.07.2023: The earlier notification that this notification refers to, specifically Para 2 (iv) which contains provisions related to this export.