Mihir Ajit Shah
Important Update on Export Policy for Non-Basmati White Rice
The Directorate General of Foreign Trade (DGFT), through Notification No. 31/2024-25 dated 28.09.2024, has amended the export policy for Non-Basmati White Rice (Semi-milled or wholly milled rice, whether polished or glazed; Other) under HSN Code 1006 30 90. The export status has changed from “Prohibited” to “Free,” effective immediately from 28.09.2024.
Please note, however, that exports are subject to a Minimum Export Price (MEP) of USD 490 per tonne.
For further details, exporters should refer to the official notification available on the following link: DGFT Notification No. 31
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One Month Extension for Interest Equalization Scheme (IES)
DGFT vide its Trade Notice No. 16/2024-2025 dated 31st August 2024 has extended the Interest Equalization Scheme for Pre & Post Shipment Rupee Credit from 31st Aug 2024 to 30th Sept 2024.
However, this extension is only for MSME Manufacturers who can claim IES @ 3%.
Apart from the extension of the date, all terms remain same as per relevant RBI Notifications.
MSME Manufacturer Exporter can continue to avail the benefit for 1 more month under IES.
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SCOMET Items updated vide Amendment in Appendix 3
DGFT vide Notification No. 25/2024 dated 02.09.2024 issued a new updated Appendix 3 (SCOMET Items) list.
The New SCOMET Appendix is available on the DGFT Portal under the heading “Regulatory Updates” and under the Sub Heading ” Import, Export and SCOMET Policy”,
under SCOMET List Tab.
The industry will be provided 30 days from the date of issuance (i.e from 02.09.2024) for the transition time.
Exporter are requested to review the SCOMET Items and effectively be prepared for their exports.
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Bulk Upload & API Integration for eBRC Now Active and Live
In continuation to DGFT Trade Notice No. 12/2024-25 dated 14th August 2024 regarding API Integration on the Bulk Upload Facility for Self-Certification of eBRC, the feature is now active and live on the DGFT website.
The option for Bulk Upload for eBRC generation is available under the eBRC option in the services tab.
In the Bulk Upload Option, the exporter can select the eBRC Type and upload the Excel File for the Bulk Upload.
A Sample File Excel file can be downloaded here also the Instruction Manual can be downloaded here
For API Linking and details, the details are provided on DGFT portal with the technical details and help files on the DGFT website.
The Technical Team of the exporters can refer to the documentation and details for using the API tool.
Exporters can now utilize the new facilities under the eBRC for self-generation.
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