Export duty on husk rice scrapped

Export duty on husk rice scrapped

Synopsis

Officials said the duty was scrapped after review of rice stocks. The exemption will be effective from April 11. The centre in September, 2022 had imposed an export duty of 20% on Rice in Husk (Paddy or Rough), Husked (Brown Rice) and Semi-milled or Wholly milled Rice.

The central government has scrapped export duty of 20% on rice of seed quality in the husk (paddy or rough).

Officials said the duty was scrapped after review of rice stocks. The exemption will be effective from April 11.

The centre in September, 2022 had imposed an export duty of 20% on Rice in Husk (Paddy or Rough), Husked (Brown Rice) and Semi-milled or Wholly milled Rice.

This was done to lower prices of rice and to make stocks available for the domestic market.

The measures did not affect export of basmati or parboiled rice.

Finance Ministry had said that changes in India’s rice-export rules have helped keep a check on domestic prices without reducing the availability for exports.

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