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In its order, the Directorate General of Foreign Trade (DGFT) said, “The request of Minimum Export Price (MEP) for the export of Non-Basmati White Rice nether HS codification 10063090 has been lifted with contiguous effect. This is issued with the support of the competent authority.” (Express Photo)
A time aft removing export work connected atom successful the husk (paddy oregon rough), husked (brown) atom and parboiled atom 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 connected export of non-basmati achromatic rice.
In its order, the Directorate General of Foreign Trade (DGFT) said, “The request of Minimum Export Price (MEP) for the export of Non-Basmati White Rice nether HS codification 10063090 has been lifted with contiguous effect. This is issued with the support of the competent authority.”
In a abstracted development, the Ministry of Finance issued a notification, bringing down export work connected 3 categories of atom exports from the existing 10 per cent to nil. “This notification shall travel into unit with contiguous effect,” said the notification issued by the Ministry of Finance connected Tuesday.
The determination volition boost atom shipments. It comes days aft the authorities lifted the prohibition connected export of non-basmati achromatic rice. On September 28, the Centre had lifted the prohibition but imposed a minimum export terms of $490 per tonne.
Last month, the authorities removed the 20% export work connected non-basmati achromatic rice, and halved export work connected 3 different categories of rice. The work connected ‘rice successful the husk (paddy oregon 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.
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