DGFT Notifies Export Quota Of Broken Rice For LCs Prior To September 08, 2022

The Director General of Foreign Trade (DGFT) has notified the export quota of broken rice for Letters of Credit (LCs) prior to September 8, 2022, for the Financial Year 2022–23.

The DGFT notified a quota of 3,97,267 MT for the export of broken rice only for the LCs opened before the notification dated September 8, 2022. For the export during the Fiscal Year 2022-23, the message exchange date between the Indian and foreign bank/swift dates has been prior to September 8, 2022, as per procedure to be notified separately by DGFT.

The DGFT issued a notification dated September 08, 2022, amending the Export Policy of broken rice against ITC (HS) code 1006 40 00 of chapter 10 of Schedule 2 of the ITC (HS) export policy from "free" to "prohibited" from September 09, 2022.

The DGFT allowed the export of broken rice for a period from September 09, 2022, till September 15, 2022.

Notification No. 38/2015-2020

Dated: 12.10.2022

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