TaxTMI 
TaxTMI 
Rate of Import and Export
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....ate of Import and Export <br>News and Press Release<br>Dated:- 11-3-2013<br><BR>Government has allowed export of non-basmati rice and wheat under Open General licence with effect from 09.09.2011. Export of Pulses (except Kabuli Chana) is prohibited. Export of Sugar is currently free subject to registration with Directorate General of Foreign Trade. Also in view of record production and procurement....
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.... of foodgrains in the Central Pool stocks and to overcome the temporary constraints of storage space, the Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 03.07.2012 took a decision to allow export of 20 lakh tons of wheat from Central Pool Stocks at the cost determined by individual tenders subject to the floor price of US $ 228 per metric ton. Further, the CCEA in its meeting ....
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....held on 26-12-2012 approved export of an additional quantity of 25 lakh tons of wheat from Central Pool on the same terms and conditions subject to the floor price of US$ 300 per ton. Central PSUs undertake export/import of these items as per the decision of the Government from time to time. Under the current export programme, as per the global tenders finalised for export of wheat from Central P....
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....ool stocks various Indian ports, the weighted average sale rate of wheat during 2012-13 has been US $ 314.54 (Rs. 16,985.16) per metric ton. (1 US$ = Rs. 54.00) as against the economic cost of wheat for 2012-2013 (Revised Estimates of Rs. 17989.60 per metric ton. The details of import and export of rice, wheat, pulses and sugar with value and quantity made during the current year 2012-13 (upto De....
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....cember,2012) is given below: Item Export(P) Import(P) Quantity (MT) Value (Rs.Crore) Quantity (MT) Value (Rs.Crore) Rice 74,89,599 23,786.81 480 2.67 Wheat 42,89,088 6,749.21 1,547 2.81 Pulses 1,15,473 814.17 29,14,526 9463.58 Sugar 25,48,136 7,845.25 7,00,727 1992.53 Source: DGCI&S, P: Provisional The export of agricultural products depends on various factors includi....
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....ng availability of surplus over and above the requirement of buffer stock including strategic reserve, concerns of food security, diplomatic/humanitarian considerations, international demand and supply situation, quality standards in the importing countries, varieties traded and price competitiveness, need to balance between remunerative prices to the growers and availability of agricultural produ....
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....cts to common man at affordable prices. The Government takes into the above factors before deciding on the export of agricultural commodities. In the international trade, a country exports only those goods which are available in abundance and there is comparative cost advantages and imports items which are required by it in its domestic market. Therefore, import and export prices of these commodit....
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....ies are strictly speaking, not comparable. Assistance is provided by Agricultural and Processed Food Products Export Development Authority (APEDA) to the registered exporter to strengthen infrastructure for post harvest handling, storage and transportation to prevent wastage of export products at different stages of supply chain. This information was given by the Minister of Commerce & Industry....
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...., Shri Anand Sharma in a written reply in the Lok Sabha today. DS/RK (Release ID :93406)<BR> News - Press release - PIB....