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of <h1>India Revises Rice Export Policy: 5% and 25% Rice Exempt from Ban with 20% Duty.</h1> Trade Notice No. 18/2022-23, dated October 4, 2022, addresses changes in the export policy of rice by the Directorate General of Foreign Trade, Government of India. The notice refers to a previous amendment on September 8, 2022, which shifted the export status of broken rice from 'Free' to 'Prohibited'. Concerns were raised about the stoppage of rice (5% and 25%) shipments with irrevocable letters of credit issued before this date. The notice clarifies that these rice types are exempt from the prohibition but will incur a 20% duty. This clarification supersedes the previous Trade Notice No. 17/2022-23.
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