Export allocation of non Basmati rice on private account permitted subject to registration, bank guarantee and minimum export price. Ten lakh metric tonnes of non Basmati rice are permitted for export on private account subject to prior contract registration with DGFT on a first come first served basis, export from privately held stocks, submission of irrevocable confirmed LCs, and a performance bank guarantee equal to ten percent of applied value; individual applications are capped, a Minimum Export Price applies, and allocation, document submission, and issuance of Registration Certificates follow prescribed modalities and timelines with ineligibility for entities on DGFT's Denied Entities List.
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Export allocation of non Basmati rice on private account permitted subject to registration, bank guarantee and minimum export price.
Ten lakh metric tonnes of non Basmati rice are permitted for export on private account subject to prior contract registration with DGFT on a first come first served basis, export from privately held stocks, submission of irrevocable confirmed LCs, and a performance bank guarantee equal to ten percent of applied value; individual applications are capped, a Minimum Export Price applies, and allocation, document submission, and issuance of Registration Certificates follow prescribed modalities and timelines with ineligibility for entities on DGFT's Denied Entities List.
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