The DGFT vide Trade Notice No. 18/2022-23 dated October 4, 2022 has clarified issues related to the Export Policy of Rice.
Reference is invited to Notification No. 31/2015-2020 dated September 08, 2022 amending the export policy of Broken Rice under HS code 10064000 under Chapter 10 of Schedule-2 of the ITC (HS) Export Policy from ‘Free’ to ‘Prohibited’ with immediate effect read with Trade Notices No. 17/2022-2023 dated September 28, 2022.
Subsequently representations have been received regarding Rice (5% and 25%) where irrevocable letter of credit has been issued before September 08, 2022 is also being stopped at the ports.
Accordingly, in supersession of Trade Notice No. 17/2022-23 dated September 28, 2022, it is clarified in respect of normal rice that “Rice (5% and 25%) is already exempted as it is not broken rice but normal rice with permissible limits of broken rice as per standards. However, it will carry 20% duty as per notification”.
The Trade Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/7a63af70-49f5-4ee1-b11b-62ee777fb2c0/Trade%20Notice%2018%20dt%2004.10.2022.pdf
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