DGFT amends Export Policy of Non-Basmati and Basmati Rice [Read Notification]

The Directorate General of Foreign Trade (DGFT) has amended the export policy of Non-Basmati and Basmati rice vide notification No. 09 /2023 (S.O. 2769(E)) published on 26th June 2023 through official gazette. Under the authority granted by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992, as amended, in conjunction with paragraph 1.02 of the Foreign Trade Policy, 2023, the Central Government introduced the following amendment to Notification No. 27/2015-2020 dated August 17, 2022. This amendment takes immediate effect and pertains to the policy conditions listed at Serial Numbers 55 and 57 in Schedule 2 of the ITC (HS) Export Policy, 2018, specifically regarding the export of rice (both Basmati and Non-Basmati). The notification, numbered 27/2015-2020 and issued on August 17, 2022, is being amended. The amendment specified that the export of Rice (both Basmati and Non-Basmati) to European Union (EU) member states and other European countries such as Iceland, Liechtenstein, Norway, Switzerland, and the United Kingdom, will now necessitate a Certificate of Inspection from the Export Inspection Council (EIC) or Export Inspection Agency (EIA). However, for the next six months from the date of this notification, exports to the remaining European countries will not require a Certificate of Inspection from the EIC/EIA. The amendment as follows: SL. No.Tariff item HS codeItem DescriptionPresent Policy conditionRevised Policy Condition561006 2000 1006 30 1006 3010 1006 3090 1006 40 00 Export to EU Member States and European countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland permitted subject to issuance of Certificate of Inspection by Export Inspection Council / Export Inspection Agency’. Certificate of Inspection by Export Inspection Council/ Export Inspections Agency shall be mandatory for export to remaining European countries with effect from 1st January, 2023. Export to EU Member states and European countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland permitted subject to issuance of Certificate of Inspection by Export Inspection Council / Export Inspection Agency’.Certificate of Inspection by Export Inspection Council/ Export Inspections Agency shall not be mandatory for export to remaining European countries with effect from the date of this notification for a period of six months571006 3020Basmati Rice (Dehusked (Brown),semimilled, milled both in either par-boiled or raw condition.Export to EU Member States and European countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland permitted subject to issuance of Certificate of Inspection by Export Inspection Council / Export Inspection Agency. Certificate of Inspection by Export Inspection Council/ Export Inspections Agency shall be mandatory for export to remaining European countries with effect from 1st January, 2023.Export to EU Member States and European countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland permitted subject to issuance of Certificate of Inspection by Export Inspection Council / Export Inspection Agency. Certificate of Inspection by the Export Inspection Council/ Export Inspections Agency shall not be mandatory for export to remaining European countries with effect from the date of this notification for a period of six months. Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates

DGFT amends Export Policy of Non-Basmati and Basmati Rice [Read Notification]

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