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Core Purpose

Notification amending the Export Policy for Non-Basmati White Rice under ITC (HS) Code 1006 30 90 by removing the Minimum Export Price condition.

Detailed Summary

The Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry, by Notification No. 37/2024-25 (S.O. 4641(E) dated 23rd October, 2024), in exercise of powers under Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, amends the export policy condition for Non-Basmati White rice (semi-milled or wholly milled, polished or glazed or otherwise) classified under ITC (HS) Code 1006 30 90, Chapter 10 of Schedule-II (Export Policy) of ITC (HS) 2022. The existing policy condition requiring a Minimum Export Price (MEP) of USD 490 per tonne for such exports is revised to remove that requirement entirely, meaning the MEP for export of Non-Basmati White Rice under HS code 1006 30 90 is lifted with immediate effect; the notification is issued with the approval of the competent authority and signed by Santosh Kumar Sarangi, Director General of Foreign Trade, Ex-Officio Additional Secretary, under file number 01/91/171/010/AM23EC/E-33294.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23102024-258192 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4267] NEW DELHI, WEDNESDAY, OCTOBER 23, 2024/KARTIKA 1, 1946 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd October, 2024 No. 37/2024-25 Subject: Amendment in Export Policy of Non-Basmati Rice under HS code 1006 30 90 -reg S.O. 4641(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, as amended time to time, the Central Government hereby, makes the following changes in Export Policy conditions under ITC (HS) Code 1006 30 90 under Chapter 10 of Schedule-II(Export Policy) of ITC (HS) 2022, as under :- +-----------+-------------------------------------------------------------+---------------+-------------------------------------+--------------------------+ | ITC(HS) | Item Description | Export Policy | Existing Policy Condition | Revised Policy Condition | | code | | | | | +===========+=============================================================+===============+=====================================+==========================+ | 1006 30 90| Non-Basmati White rice (Semi-milled or wholly milled rice, | Free | Export is subject to a | - | | | whether or not polished or glazed: Other) | | Minimum Export Price of | | | | | | USD 490/tonne | | +-----------+-------------------------------------------------------------+---------------+-------------------------------------+--------------------------+ Effect of the Notification: The requirement of Minimum Export Price (MEP) for the export of Non-Basmati White Rice under HS code 1006 30 90 has been lifted with immediate effect. This is issued with the approval of the competent authority. [F. No. 01/91/171/010/AM23EC/E-33294] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-Officio Addl. Secy.

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