AreaIndia

Commodity GroupRice

CommodityAll

Date31/10/2022

Policy CategoryTrade

Policy InstrumentExport quota, export taxes

DescriptionExempted up to 600 000 tonnes of paddy exported to Nepal through customs stations located at Raxaul, Jogbani or Sonauli from the 20 percent export duty. In addition, it decided that it would not levy the 20 percent export duty on shipments of husked and semi/wholly milled rice (other than parboiled and basmati rice) that, prior to the 9 September 2022 effecting of the export duty, had entered customs stations and had received official clearance or were backed by irrevocable letters of credit (with message exchange between Indian and foreign banks dated prior to 9 September and with authentication from recipient banks). It also stipulated that exports of organic non-basmati rice (whether in paddy, husked or semi/wholly milled form) would be exempt from the export duty, provided that they were accompanied by a Provisional Transaction Certificate/Transaction Certificate issued by a Certification Body accredited by National Accreditation Body (NAB) for Organic Products under the National Programme for Organic Production of the Department of Commerce. The measures took effect on 1 November 2022.