2 years, 3 months ago
India imposes 20% export duty on non-Basmati rice
The HinduThe Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except for parboiled rice to boost domestic supplies, effective September 9. The Central Board of Indirect Taxes & Customs further said the export of ‘semi-milled or wholly-milled rice, whether or not polished or glazed‘ will also attract a customs duty of 20 per cent. Welcoming the export duty, former president of All India Rice Exporters Association Vijay Setia said Indian rice was being exported at a “very low price”. The export duty would lead to a reduction in non-Basmati rice shipments by 2-3 million tonnes, but the realisation from the exports would remain the same because of the 20% duty.
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