DGFT Blinks, Export Quota of 3.97 lakh MT of Broken Rice Notified to Placate Trade

· Quota will be Distributed to LC opened before DGFT Ntfn 31/2015-2020 of 8 Sept 2022 with message exchanged between Indian and Foreign Bank

[DGFT Notification 38/2015-2020 dated 12 October 2022]

Subject: Export quota of only broken rice (HS code 1006 40 00) for the year 2022-23.

Effect of the Notification: Quota of 3,97,267 MT of only broken rice under HS Code 1006 40 00, applicable only to LCs opened before the Notification No.31/2015-2020 dated 8th September, 2022 and the message exchange date between the Indian and foreign bank / swift date also prior to 8th September, 2022, to be exported during year 2022-23, is notified.

S.O. (E).-In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended , read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20 , the Central Government hereby notifies 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 31st March, 2023, for the year 2022-23 , the export policy of which is 'Prohibited ' .

2. The export quota of 3,97,267 MT will be distributed amongst the applicants whose LCs are opened before the Notification No .31/2015-2020 dated 8th September, 2022 and the message exchange date between the Indian and foreign bank / swift date has been prior to 8th September, 2022, as per procedure to be notified separately by Directorate General of Foreign Trade.