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Government extended the last date for tax on boiled rice, now tax will be charged till this day
The government has extended the export duty on boiled rice by more than five months till March 31. The government has imposed a 20 percent export duty on parboiled rice from August 25 to October 16 to maintain adequate stocks in the country and keep domestic prices under control. The government had banned the export of broken rice in September last year.
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“Government extended the last date for tax on boiled rice, now tax will be charged till this day”
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14 Oct 2023
The government has extended the duty on the export of boiled rice by more than five months till March 31. The government had imposed a 20 percent export duty on parboiled rice from August 25 to October 16 to maintain adequate stocks in the country and keep domestic prices under control.
The Finance Ministry has now extended the export duty till March 31, 2024. With these restrictions, India has now banned all varieties of non-Basmati rice.
The share of non-Basmati white rice in the total rice exported from the country is about 25 percent.
In July the government banned the export of non-Basmati white rice. The move was taken to boost domestic supply and keep retail prices under control during the upcoming festive season.
