Seeks to levy export duty on parboiled rice

Last updated: 26 August 2023

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The Ministry of Finance has announced the imposition of an export duty on parboiled rice. This decision was made by the Central Government, which believes circumstances necessitate immediate action. The amendment to the Customs Tariff Act, 1975, will see new entries added to the Second Schedule, formalising this duty.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 25th August, 2023
No. 49 /2023-Customs

G.S.R. 628(E).—Whereas, the Central Government is satisfied that export duty should be levied on certain articles and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely: -
In the Second Schedule to the Customs Tariff Act, after Sl. No. 6B and the entries relating thereto, the following Sl. No. and entries relating thereto shall be inserted, namely: -

For Full notification please refer to the attachment

FAQ :

The notification concerns the levy of an export duty on parboiled rice.

The notification has been issued by the Ministry of Finance (Department of Revenue) in New Delhi.

The notification was issued on the 25th of August, 2023.

The Second Schedule to the Customs Tariff Act, 1975, is being amended.

The Central Government is satisfied that export duty should be levied and that circumstances necessitate immediate action.

Notification No : F. No. CBIC-190354/161/2023-TRU
Source : https://egazette.gov.in/WriteReadData/2023/248351.pdf

Attached File : 322600_11147_seeks_to_levy_export_duty_on_parboiled_rice.pdf

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