<h1>New Order Exempts Export-Bound Edible Oils, Oilseeds, and Rice from Stock Limits Under Essential Commodities Act.</h1> The Commerce and Industry Minister has endorsed a new order exempting edible oil, oilseeds, and rice stocks intended for export from the stock holding limits under the Essential Commodities Act. This decision follows exporters' requests to exclude export-bound merchandise from these limits, which were previously addressed by the Directorate General of Foreign Trade with the Department of Consumer Affairs. The exemption, formalized through an order issued on January 9, 2014, aims to meet exporters' needs and lower their transaction costs by removing licensing requirements, stock limits, and movement restrictions on specified foodstuffs.