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Wednesday, 15 January, 2025

India extends 20% export duty on parboiled rice indefinitely

India imposed the duty last year in a move to maintain adequate local stock and keep domestic prices under check
Express Desk
  23 Feb 2024, 03:25

The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports.

The world’s largest exporter of grain had imposed the duty in August last year, a move aimed at maintaining adequate local stock and keeping domestic prices under check.

In a notification issued on Wednesday, the finance ministry said the duty will continue beyond Mar 31 without an end date, according to The Economic Times.

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India extends 20% export duty on parboiled rice indefinitely

India imposed the duty last year in a move to maintain adequate local stock and keep domestic prices under check
Express Desk
  23 Feb 2024, 03:25

The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports.

The world’s largest exporter of grain had imposed the duty in August last year, a move aimed at maintaining adequate local stock and keeping domestic prices under check.

In a notification issued on Wednesday, the finance ministry said the duty will continue beyond Mar 31 without an end date, according to The Economic Times.

Comments

Server Glitch Halts Savings Certificate Sales; Resumption Expected in 'Couple of Days
Bangladesh's Foreign Debt Tops $104 Billion, Driven by Government Borrowing"
Income Tax Imposed on Bangabandhu Memorial Trust, CRI Benefits Revoked
Bangladesh Bank Governor Highlights Tk 23bn Irregularities at Nagad
Press Secretary Justifies Tax and Duty Hikes as Essential for Economic Stability