Rice export tax: India imposes 20% export tax on rice

India on Thursday imposes 20% export tax on the export of all kinds of rice, except parboiled rice and Basmati rice .

According to a release of Revenue departmentUnder the financialA tax rate of 20% will be applied to the export of rice in the form of husk (paddy or raw), hulled brown rice, semi-milled or wholly milled, whether or not polished or polished (except cooked rice and unpolished rice). Basmati).

The changes will take effect from September 9, the statement added.

According to sources, the central government’s decision was made after Food set propose a tax rate to ensure sufficient rice stocks for the Public Distribution System (PDS) and Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).

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