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Govt exempts parboiled rice, husked brown rice from export duty

The government has removed export duties on parboiled rice and husked brown rice, effective from October 22. Previously reduced from 20% to 10%, the duties are now entirely lifted to boost exports and increase farmers’ income. This follows last month’s exemption of non-basmati white rice from export duty. The change was cleared by the Election Commission, with elections in Jharkhand and Maharashtra next month.

The government has removed export duties on parboiled rice and husked brown rice, effective from October 22. Previously, duties were slashed from 20% to 10%. This change follows last month’s exemption of non-basmati white rice from export duty, aiming to boost exports and enhance farmers’ income. Elections in Jharkhand and Maharashtra are next month.

The government has exempted parboiled rice and husked (brown) rice from export duty. Export duty has been reduced from 10 per cent to ‘nil’ on parboiled rice, husked (brown) rice and rice in the husk (paddy or rough), said a late night notification issued by the finance ministry on Tuesday. The duty cuts are effective from October 22. Sources said Election Commission’s clearance has been obtained on this duty cut, subject to the condition that no political mileage is derived out of the same.

Source Link : https://economictimes.indiatimes.com/news/economy/agriculture/govt-exempts-parboiled-rice-husked-brown-rice-from-export-duty/articleshow/114490460.cms?from=mdr

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