India: India Imposes a 20 Percent Export Duty on Parboiled Rice and Reviews Basmati Rice's Minimum Export Prices
On August 25, 2023, India’s Ministry of Finance issued Notification No. 49/2023 (Customs), notifying with immediate effect that the Indian government is imposing a 20 percent export duty on parboiled non-basmati rice (PNB), harmonized tariff system (HS) code 1006.30.10. This notification highlights the Indian government’s attempt, through a series of restrictive export control measures, to control rising domestic food prices.
