AreaIndia

Commodity GroupRice

CommodityAll

Date10/02/2015

Policy CategoryTrade

Policy InstrumentTax policy

DescriptionRe-instated the duty drawback on rice exports, effective 13 February 2015. The measure, which is intended to compensate for duties levied on inputs of products destined to outside markets, is to be extended on a brand rate basis, requiring the submission of an application by individual exporters to determine the rate of drawback based upon actual quantities of inputs used and respective duties paid.