AreaIndia

Commodity GroupRice

CommodityAll

Date01/08/2016

Policy CategoryTrade

Policy InstrumentExport restrictions

DescriptionPermitted exports of basmati rice through Land Custom Stations on the Indo-Bangladesh and Indo-Nepal borders, subject to volumes being registered with the Director General of Foreign Trade (DGFT). Effective 1 October 2016, exports of basmati rice under Documents against Acceptance will also no longer be permitted, unless such transactions are guaranteed by a bank or the Export Credit Guarantee Corporation of India, Ltd. (ECGC).