Conditions of Rice Quota of 3 Lakh for Bangladesh through STC and PEC

[DGFT Notification No. 20 dated 10th February 2011]

Subject: Prohibition on Export of Non-basmati Rice – exemption for export to Bangladesh.

In exercise of the powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 read with Notification No. 55 /2009-2014 dated 06.08.2010 and also read with Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007 and Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, as amended from time to time.

2. In para 3 of Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 relating to the conditions for export of 3,00,000 MTs of non-Basmati rice to Bangladesh, the following amendments are made with immediate effect:

(i) The phrase “prevalent economic cost” as appearing in para 3(i) shall be substituted with “concessional cost”.

(ii) The phrase “export on CIF basis” as appearing in para 3(ii) shall be substituted with CIF-LO basis”.

3. All other provisions of Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 read with Notification No.93 (RE-2007)/2004-09 dated 1st April, 2008, as amended from time to time, shall remain unchanged, and shall continue to apply.