FTP - Export of Basmati Rice
GOVERNMENT has amended Chapter 10 of Schedule 2 of ITC(HS) Classification of Export and Import Items to stipulate:
(i) In addition to the EDI ports, export of Basmati Rice will now be permitted through Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border also, subject to registration of quantity with DGFT.
(ii) Export of Basmati Rice shall not be permitted on the basis of Documents against Acceptance (D/A) unless such export is covered either by Bank Guarantee or ECGC Guarantee, with effect from 01.10.2016.
DGFT Notification No. 18/2015-20., Dated: August 01 2016