IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Sep 2009 | Removal date: 07 Mar 2014
Still in force

Export tax

On 7 September 2009, vide Notification No. 05/2009-2014, the Government of India reduced the Minimum Export Price (MEP) on Basmati rice from "USD 1100 or Rs. 49,300 per ton FOB" to "USD 900 or Rs. 41,400 per ton FOB".

Further, an additional condition was added for the calculation of the MEP. The Notification states that foreign commission up to 12.5% will be allowed for computation of the MEP and any commission or discount in excess of 12.5% will not be allowed.

The MEP was later reduced again on 21 February 2012 (See related State Act).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1006 Rice.
100610 Rice in the husk (paddy or rough)
231 Grain mill products
1006 Rice.
100620 Husked (brown) rice
100630 Semimilled or wholly milled rice, whether or not polished or glazed
100640 Broken rice

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