ANNOUNCEMENT 21 Feb 2012

In February 2012, the government of India announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 21 Feb 2012 | Removal date: 21 Jun 2012
Still in force

Export tax

On 21 February 2012, the government of India reduced the minimum export price (MEP) on Basmati rice. The new MEP is USD 700 per metric ton, down from USD 900 per metric ton.
Furthermore, the new regulation permits additional Indian ports as export points of Basmati rice.

AFFECTED SECTORS