On 28th July 2023, the Directorate General of Foreign Trade (DGFT) issued notification number 21/2023, announcing an amendment to the export policy conditions of De-oiled Rice bran. The previous condition of ‘Free’ has been modified to ‘Prohibited’ until 30th November 2023.
In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para I .02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes following amendment in Chapter 23 of the Schedule -2 of ITC HS export policy related to export policy of De-Oiled Rice Bran:
Sl. No. | ITC HS Code | Description | Present Policy | Policy Condition |
94A | 2306 | Oil cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable or microbial fats or oils, rather than those of heading 2304 or 2305 | Free | However, export of De-oiled Rice Bran under HS code 2306 or under any other HS code is prohibited till 30.11.2023. |
The effect of the notification is that the Export policy of De-Oiled Rice Bran is amended from ‘Free’ to ‘Prohibited’ with Immediate effect up to 30.11.2023.
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