Business News : The government has exempted non-basmati white rice from export duty, while duty on parboiled rice has been reduced to 10 per cent. This reduction in duty comes within a fortnight of the government removing the minimum export price on basmati rice.
In a notification issued late on Friday, the Department of Revenue under the Finance Ministry said it has also reduced the export duty on husked (brown rice) and husked rice (paddy or raw) to 10 per cent.

The export duty on these varieties of rice and non-basmati white rice has been 20 percent till now. These duty changes will be effective from September 27, 2024, the notification said. Earlier this month, the government had abolished the minimum export price of basmati rice to boost exports and increase farmers' income.

This condition has to be followed for export of non-basmati white rice

On Saturday, The government lifted the ban on overseas export of non-basmati white rice. However, a minimum export price (MEP) of $490 per tonne has been imposed for exports. Exports of non-basmati white rice have been banned from July 20, 2023 to boost domestic supply.

"The export policy for non-basmati white rice (semi-milled or fully milled rice, whether or not polished) is revised from restricted to free, subject to MEP of USD 490 per tonne with immediate effect and until further orders," the Directorate General of Foreign Trade (DGFT) said in a notification.