Export of rice – DGFT amends export schedule.

By Vijay Kumar

DGFT has further amended the No. 38 ( RE -2007)/2004-2009, dated 15.10.2007 by which

1. Basmati Rice can be exported to Russian Federation only if the minimum FOB price is US $ 900 per ton or Rs. 36 ,000 /- per ton.

2. Export of Basmati and non- basmati rice will be restricted through the following ports: ( i ) Kandla (ii) Kakinada, (iii) Kolkata, (iv) JNPT , Mumbai .

3. Only the quantities being loaded in the ships at the time of ban will be allowed to be exported under the transitional arrangements. Other than this, ‘transitional arrangements' envisaged under Para 1.5 of the Foreign Trade Policy, 2004-2009, as amended from time to time, shall not be applicable for the restrictions imposed vide this notification.

DGFT NOTIFICATION NO. 82 (RE-2007)/2004-2009, Dated: March 5, 2008