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Nashik: The volume of onions exported from Nashik district has dropped by over 60% in just six days, since the Centre imposed a 40% export duty on the.
Duty exemption would be available on parboiled rice lying in customs ports which have not been granted LEO (let export order) and are backed by valid LCs (Letter of Credit) before August 25, 2023.
The tariff by India will make parboiled rice expensive for foreign buyers, thereby limiting its overseas sales and boosting domestic availability | Latest News India
The decision to impose a 20 per cent export duty on parboiled rice will make purchasing the commodity expensive for foreign buyers, thus limiting its overseas sales and at the same time boosting its domestic availability.
The move comes a month after the government had imposed a ban on the export of widely consumed non-basmati white rice.