https://www.taxtmi.com/news?id=27887 Removal of the floor price on basmati rice exports eliminates the minimum export pricing requirement and restores market-driven pricing for the GI-designated commodity, while APEDA will monitor export contracts to deter non-realistic pricing and ensure transparency. The change follows an earlier temporary floor price introduced in response to domestic supply concerns and misclassification risks, later rationalized and now withdrawn after stakeholder representations, shifting regulatory focus from price control to contract oversight and trade compliance. en-us Sat, 14 Sep 2024 14:16:54 +0530 Sat, 14 Sep 2024 14:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27887 Removal of the floor price on basmati rice exports eliminates the minimum export pricing requirement and restores market-driven pricing for the GI-designated commodity, while APEDA will monitor export contracts to deter non-realistic pricing and ensure transparency. The change follows an earlier temporary floor price introduced in response to domestic supply concerns and misclassification risks, later rationalized and now withdrawn after stakeholder representations, shifting regulatory focus from price control to contract oversight and trade compliance. News - Sat, 14 Sep 2024 14:16:54 +0530 https://www.taxtmi.com/news?id=27887