India extends exemption of inspection certificates for rice exports to certain European nations by another 6 months

Published 2024년 7월 16일

Tridge summary

The Indian central government has extended the exemption of a specific inspection certificate required for rice exports to certain European nations, including the UK, Iceland, Liechtenstein, Norway, and Switzerland, for another six months. This applies to both basmati and non-basmati rice, meaning the Certificate of Inspection by the Export Inspection Council/Export Inspection Agency will not be mandatory for exports to these countries during this period. Previously, the government had set a minimum floor price for basmati rice exports and extended a 20% export duty on parboiled rice until March 31, 2024. Additionally, India had banned broken rice exports and imposed a 20% duty on non-basmati rice exports in September 2022, which was lifted in November.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi [India], July 16 (ANI): The central government has extended the exemption of a particular kind of inspection certificate that was needed for rice exports, both basmati and non-basmati, to certain European nations by another six months. Export to EU Member States and European countries namely the UK, Iceland, Liechtenstein, Norway, and Switzerland is permitted subject to the issuance of a Certificate of Inspection by the Export Inspection Council/ Export Inspection Agency. “Certificate of Inspection by Export Inspection Council/ Export Inspection Agency shall not be mandatory for export to remaining European countries with effect from the date of this notification for a period of six months,” an official notification put out by the Ministry of Commerce and Industry said dated July 15. Rice export to remaining European countries, those not mentioned above, will not require the Certificate of Inspection by Export Inspection Council / Export Inspection Agency for export from ...
Source: Theprint

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.