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Dated: 10.03.2025

DGFT removes export restrictions on broken rice

The Government of India, Ministry of Commerce & Industry, Directorate General of Foreign Trade (DGFT), issued Notification No. 61/2024-25 on March 7, 2025, amending the export policy of Broken Rice under HS Code 1006 40 00.

Key Amendment:

• The export policy for Broken Rice has been changed from “Prohibited” to “Free” with immediate effect.
• This means that exporters are now allowed to freely export Broken Rice without restrictions.

Legal Basis:

• The amendment is made under the Foreign Trade (Development & Regulation) Act, 1992, in accordance with Para 1.02 and 2.01 of the Foreign Trade Policy (FTP).

Impact of the Notification:

• Boost for Rice Exporters: Exporters of Broken Rice can now resume shipments to international markets.
• Global Market Supply: Countries dependent on Indian Broken Rice imports, particularly in Africa and Asia, will benefit.
• Economic Implications: The policy shift may impact domestic rice prices and availability, potentially leading to higher global demand for Indian rice exports.

Conclusion:

This notification liberalizes the export of Broken Rice, reversing the previous prohibition. It is expected to enhance trade opportunities while impacting both domestic and international rice markets.

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.

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Source: DGFT, Ministry of Commerce, Govt. of India

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