ANNOUNCEMENT 09 Jan 2014

In January 2014, the government of India announced an altered export quota.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 09 Jan 2014 | Removal date: open ended
Still in force

Export quota

On 9 January 2014, the Department of Consumer Affairs, India issued "Removal of (Licensing requirements, Stock limits and Movement Restrictions) on Specified Foodstuffs Order, 2002" thereby exempting stocks of edible oil, oil seeds and rice meant for export from the stock holding limit under the Essential Commodities Act.
 
Under the said Act, the government is empowered to impose stock holding limits on listed commodities as and when deemed necessary.