DGFT AMENDS EXPORT POLICY CONDITION OF BASMATI AND NON-BASMATI RICE
DGFT has made amendment in Policy condition of Sl. No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018 for export of Basmati and Non-Basmati rice.
DGFT amends Export Policy Condition of Basmati and Non-Basmati Rice
The Directorate General of Foreign Trade (DGFT) has issued an amendment in Policy condition of Sl. No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018 for export of rice (Basmati and Non-Basmati) via issuing Notification.
The Notification Stated as, “In exercise of powers conferred by Section 3 of the foreign Trade (Development & Regulation) Act, 1992 (No. 22 of I 992), as amended read with para 1.02 of the Foreign Trade Policy, 2023, the Central Government hereby makes the following amendment to the Notification No. 27/2015-2020 dt. 17.08.2022, with immediate effect policy condition at SI.No. 55 and 57, Schedule 2 of ITC (HS) Export Policy, 2018 for export of rice (Basmati and Non-Basmati).”
The following policy conditions shall be amended/added to the existing entries of Chapter 10 at SI.No. 55 and 57:-
Effect of Notification:
Existing notification No.27/2015-2020 dated 17th August 2022 is amended to the extent that export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely Iceland, Liechtenstein, Norway, Switzerland and United Kingdom only will require Certificate of Inspection from EIA/EIC. Export to remaining European countries will not require Certificate of Inspection by Export Inspection Council / Export Inspection Agency for export from the date of this notification for a period of six months.https://studycafe.in/dgft-amends-export-policy-condition-of-basmati-and-non-basmati-rice-225745.html
Published Date: June 1, 2023