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Download PDF India resumes exporting coarse rice at $510 per tonne today, provided that the export bills were passed by the Indian customs authorities before March 5.
India on March 5 imposed restrictions on the export of rice at prices lower than $650 a tonne. Since then truckloads of rice have been stranded on the Indian side of the border.
Petrapole customs superintendent said exporters should amend the letters of credit (LCs) to raise the export price to $650 if the necessary documents were not signed before March 5.
Indian exporter Shaibal Das said the decision on exporting rice at $510 per tonne was taken Wednesday at a meeting between India’s commerce ministry and Federation of Indian Export Organisations in New Delhi.
Indian customs authorities, however, did not allow the rice consignments into Bangladesh on Thursday due to ambiguities in the commerce ministry notification which were later explained.
Most Indian rice exporters were not happy with the decision as they were pressing the government to allow them to ship consignments at previous rates for which export bills were not passed by the customs before March 5.
Assistant Commissioner of Customs at Benapole A Aziz told The Daily Star yesterday that they would keep the land port open on government holidays to expedite the release of imported rice.
Meantime, Indian food department filed cases against four millers in West Bengal’s Burdwan district on charges of not selling 50 percent of their rice produce to the government.
The Indian government also served show-cause notices on 20 millers and blacklisted 71 others on similar charges.
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