ANNOUNCEMENT 31 Mar 2011

In March 2011, the government of India announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Public Notice No. 44 (RE-2010)/2009-2014
http://dgft.gov.in/exim/2000/pn/pn10/pn4410.htm


Inception date: 31 Mar 2011 | Removal date: 30 Aug 2011
Still in force

Export tax

On 31 March 2011, the Government of India, vide Public Notice No. 44 (RE-2010) / 2009-2014, introduced a Minimum Export Price (MEP) on the export of 3 varieties of non-Basmati rice, of US $ 850 per MT.
 
This MEP applies only to the export of 150,000 MTs of non-Basmati rice, allowed in terms of Public Notice No. 37 (RE-2010) / 2009-2014. 
 
Update
The MEP of the 3 varieties of non-Basmati rice was reduced to $ 600 per MT, vide Public Notice No. 72 (RE-2010) / 2009-2014, issued by the Government of India on 12 August 2011. 

AFFECTED SECTORS