A day after removing export duty on rice in the husk (paddy or rough), husked (brown) rice and parboiled rice from 10 per cent to nil, the Centre Wednesday lifted with “immediate effect” the Minimum Export Price of $490 (Rs 41,193.25) per tonne on export of non-basmati white rice.
In its order, the Directorate General of Foreign Trade (DGFT) said, “The requirement of Minimum Export Price (MEP) for the export of Non-Basmati White Rice under HS code 10063090 has been lifted with immediate effect. This is issued with the approval of the competent authority.”
In a separate development, the Ministry of Finance issued a notification, bringing down export duty on three categories of rice exports from the existing 10 per cent to nil. “This notification shall come into force with immediate effect,” said the notification issued by the Ministry of Finance on Tuesday.
The move will boost rice shipments. It comes days after the government lifted the ban on export of non-basmati white rice. On September 28, the Centre had lifted the ban but imposed a minimum export price of $490 per tonne.
Last month, the government removed the 20% export duty on non-basmati white rice, and halved export duty on three other categories of rice. The duty on ‘rice in the husk (paddy or rough)’, ‘husked (brown) rice’, and ‘parboiled rice’ was reduced from 20 per cent to 10 per cent. Now, it has been further reduced to nil.