Centre imposes 20 per cent export duty on parboiled rice amid soaring prices
Business | August 26, 2023 16:28 ISTIndia has imposed a 20 per cent export duty on parboiled rice as a measure to stabilise prices and strengthen domestic inventory.
India has imposed a 20 per cent export duty on parboiled rice as a measure to stabilise prices and strengthen domestic inventory.
"If India is charging us too, so what I want to have is a -- call it retribution. You could call it whatever you want. If they are charging us, we charge them," Trump said in response to a question.
In a statement on July 20, the Ministry of Food and Public Distribution said that in order to ensure adequate availability of non-basmati white rice in the Indian market
The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade notification said.
The stock limit has been imposed on traders, wholesalers, retailers, big chain retailers and processors till March 31, 2024.
The duty exemption is applicable only for importers holding TRQ (Tariff Rate Quota) licence for 2022-23 fiscal.
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Wheat flour export ban: "Export policy of wheat flour (atta) remains free but export shall be subject to recommendation of inter-ministerial committee on export of wheat," the Directorate General of Foreign Trade (DGFT) said in a notification.
The government has also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port.
India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being hit by scorching heat waves.
It also clarified that wheat exports will be allowed on basis of permission granted by Govt of India to other countries to meet their food security needs and based on the request of their govts.
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