CBIC Cuts Export Duty on Rice Varieties from 10% to ‘Nil’

CBIC has removed the 10% export duty on certain rice varieties, bringing it down to nil. This decision was made to promote rice exports after a period of declining global demand for Indian rice. The move is expected to improve the competitiveness of Indian rice in the international market and boost exports. Rice is a significant agricultural export for India, and this reduction in export duty is aimed at supporting farmers and exporters by enhancing their market access globally. The change reflects the government’s strategy to support key agricultural sectors.