DGFT issued a notification on the export quota of only broken rice (HS code 1006 40 00) for the year 2022-23

Oct 13, 2022 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Commercial Complianceont-family: Verdana, sans-serif; font-size: 7.5pt;">The Directorate General of Foreign Trade (DGFT) on October 12, 2022, hereby notifies the quota of 3,97,267 MT for export of only broken rice under HS Code 1006 40 00 of Chapter 10 of ITC (HS), 2018, Schedule - II (Export Policy), for the period up to March 31, 2023, for the year 2022-23, the export policy of which is 'Prohibited'.

The export quota of 3,97,267 MT will be distributed amongst the applicants whose Letters of Credit are opened before Notification No.31/2015-2020 dated September 08, 2022, and the message exchange date between the Indian and foreign bank and swift date has been before September 08, 2022, as per procedure to be notified separately by Directorate General of Foreign Trade.

The effect of the notification is that a quota of 3,97,267 MT of only broken rice under HIS Code 1006 40 00, applicable only to Letters of Credit opened before Notification No. 31/2015-2020 dated September 08, 2022, and the message exchange date between the Indian and foreign bank and swift date also before September 08, 2022, to be exported during the year 2022–2023 is notified.

[Notification No. 38/2015-2020]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT