Prohibition on Export of Non-basmati Rice – exemption for export of Sona Masuri, Ponni Samba and Matta rice- regarding
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Export permission for specified non-basmati rice granted with quantity limits and conditional registration, banking guarantees and documentation.
The Foreign Trade Policy amendment permits export of Sona Masuri, Ponni Samba and Matta rice within specified quantity caps and adds a provision allowing broader non Basmati rice exports subject to conditions: prior registration of contracts with DGFT on a first come first served basis, exports from privately held stocks, irrevocable confirmed letters of credit, a performance bank guarantee equivalent to 10% of applied quantity (confiscable on non performance), per applicant ceilings, email application procedures, and a notified minimum export price; other notification provisions remain unchanged.