Free Demo

Govt extends duty benefit for export of non-basmati rice

28-Nov-2018
Govt extends duty benefit for export of non-basmati rice

The Government has extended duty benefits to non-basmati rice exporters under a scheme to boost the shipment of the agri commodity. The duty benefit is provided under the commerce ministry's Merchandise Exports from India Scheme (MEIS).

"Non-basmati rice items have been made eligible for MEIS benefits at the rate of 5 per cent for exports made with effect from November 26 and up to March 25, 2019," the Directorate General of Foreign Trade (DGFT) has said in a public notice. Under MEIS, Government provides duty credit scrip or certificate depending on product and Country.

Those scrips can be transferred or used for payment of a number of duties including the basic customs duty. India is one of the largest exporters of non-basmati rice and in 2017-18, the Country exported 8.63 million tonnes of the rice, which was more than double the quantity of basmati rice exports of 4.05 million tonnes. Non-basmati rice exports during April-February 2018 stood at USD 3.26 billion as against USD 2.53 billion in 2016-17.



Source :- Dailyshippingtimes.com

High-volume of Loyal and Trusted Customers!

We feel proud in offering export-import data information services to our respected clients.

Obtain a free import-export sample report on desired products.

We do not provide any assistance directly in selling or Buying any product.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Top