The Central Board of Indirect Taxes and Customs ( CBIC ) has made a significant move to support the agricultural sector by issuing notification no. 46/2024-Customs on 22nd October 2024. This notification announces the reduction of the export duty on various rice varieties from 10% to ‘Nil’.
This change is particularly beneficial for rice producers and exporters, as it aims to enhance the competitiveness of Indian rice in the international market.
The Future of Tax and Finance: Upskill with Us
Under the revised notification, the export duty has been eliminated on several rice categories, including rice in the husk ( also known as paddy or rough rice ), husked ( brown ) rice, and parboiled rice.
Previously, the Ministry of Finance’s earlier notification ( No. 44/2024-Customs ) dated 27th September 2024, which had introduced a 10% export duty on various rice types. The previous notification included rice in the husk, husked rice, and parboiled rice as taxable categories. Importantly, it exempted semi-milled and wholly-milled rice—except for parboiled and Basmati rice—from any export duties.
The Future of Tax and Finance: Upskill with Us
| (1) | (2) | (3) |
| “6A | Rice in the husk (paddy or rough) | ‘ni’ |
| 6B | husked (brown) rice | ‘nil’ |
| 6C | parboiled rice | ‘nil” |
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