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Date: 20-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

Export of Non Basmati White Rice under ITC HS code 10063090 to Malaysia through National Cooperative Exports Limited NCEL

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 Ministry of Commerce and Industry, Directorate General of Foreign Trade (DGFT), permits the export of 200,000 metric tons (MTs) of non-basmati white rice to Malaysia.

Key Changes

  • The notification allows the export of a specific quantity (200,000 MTs) of non-basmati white rice (ITC(HS) code 10063090) to a specific country (Malaysia).
  • The export is permitted only through a designated entity: National Cooperative Exports Limited (NCEL).
  • This is an amendment or addition to existing Foreign Trade Policy 2023 (specifically referencing Para 1.02, 2.01, and 2(iv) of Notification 20/2023 dated 20.07.2023).

Impact Analysis

Impact on Exporters

  • Other rice exporters may experience reduced market share for this specific rice type and destination.

Impact on Consumers (Malaysia)

  • Potentially lower prices for this rice type in Malaysia due to increased supply, assuming no significant changes in transportation and other costs.

Impact on Indian Rice Farmers

  • Farmers may need to increase production to meet the demand, requiring investment in resources and infrastructure.

Impact on Government

  • The government needs to ensure that NCEL adheres to the terms of the permit and that the export process is transparent and fair.

Suggested Action Items

  • Consider the potential for similar export permits for other agricultural products.

Key Entities Referenced

Ministry of Commerce and Industry (India): The issuing authority of the notification. Directorate General of Foreign Trade (DGFT): The department within the Ministry responsible for regulating foreign trade. National Cooperative Exports Limited (NCEL): The only entity permitted to export the specified rice to Malaysia. Foreign Trade (Development & Regulation) Act, 1992: The legal framework under which the notification is issued. Foreign Trade Policy 2023: The policy document that provides the context for this notification. Notification 20/2023 (dated 20.07.2023): A previous notification that this notification builds upon.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--2200008822002244--225566448844 CCGG--DDxLLx--xEEG--I22D00H00x88x22x00 2244--225566448844 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.ं 3193] नई दिल्ली, मगं लवार, अगस्ट्त 20, 2024/ श्रावण 29, 1946 No. 3193] NEW DELHI, TUESDAY, AUGUST 20, 2024/ SHRAVANA 29, 1946 ( अजधसचू ना नई दिल्ली, 19 अगस्ट् त, 2024 का.आ. 3509(अ).—le;≤ ij ;Fkk la’kksf/kr fon's k O;kikj uhfr] 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr] fons'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, vkSj fnukad 20-07-2023 dh vf/klwpuk la- 20@2023 ds iSjk 2 ¼iv½ es a fufgr izko/kkuks a ds vuqlkj dsUnz ljdkj ,rn~}kjk jk"Vªh; lgdkjh fu;kZr fyfeVsM ¼,ulhbZ,y½ ds ek/;e ls eysf’k;k dks vkbVhlh ¼,p,l½ dksM 10063090 ds rgr xSj cklerh lQsn pkoy dk 2]00]000 eh-V- dk fu;kZr vuqer djrh gSA jk"Vªh; lgdkjh fu;kZr fyfeVsM ¼,ulhbZ,y½ ds ek/;e ls eyfs’k;k dks vkbZVhlh ¼,p,l½ dksM 10063090 ds rgr xSj cklerh lQsn pkoy dk 2]00]000 eh-V- dk fu;kZr vuqer fd;k x;k gSA [Qk- la- 01@91@191@049@,,e&24@bZlh@bZ&37225] larks"k dqekj lkjaxh] egkfuns'kd fons'k O;kikj inus vij lfpo 5273 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 19th August, 2024 No. 24/2024-25 S.O. 3509(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 2023, as amended from time to time, and in pursuance to the provisions under Para 2(iv) of Notification 20/2023 dated 20.07.2023, the Central Government hereby permits export of 2,00,000 MTs of Non-Basmati White Rice under ITC(HS) code 10063090 to Malaysia through National Cooperative Exports Limited (NCEL). Effect of the Notification: Export of 2,00,000 MTs of Non-Basmati White Rice under ITC(HS) code 10063090 to Malaysia is permitted through National Cooperative Exports Limited (NCEL). [F. No. 01/91/191/049/AM-24/EC/E-37225] 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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