Edible Oil, Oilseeds, Rice Exempted from Stock Holding Limit Under the Essential Commodities Act

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....dible Oil, Oilseeds, Rice Exempted from Stock Holding Limit Under the Essential Commodities Act <br>News and Press Release<br>Dated:- 17-1-2014<br><BR>The Commerce and Industry Minister Shri Anand Sha....

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....rma has welcomed the Order issued by Department of Consumer Affairs to exempt stocks of edible oil, edible oilseeds and rice meant for export from the stock holding limit under the Essential Commoditi....

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....es Act. The exporters have been demanding that they should not be subjected to stock holding limit prescribed under the Essential Commodities Act, if they have merchandize stocks of such commodities m....

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....eant for exports. The DGFT had taken up this matter with the Department of Consumer Affairs. The Department of Consumer Affairs have issued Removal of (Licensing requirements, Stock limits and Moveme....

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....nt Restrictions) on Specified Foodstuffs Order, 2002 on 9th January 2014. This will address the long felt need of such exporters and reduce their transaction cost.<BR> News - Press release - PIB....