Finance Ministry notifies Import Duty Relief for Select Rice Imports from May 1, 2025

The Finance Ministry has notified an import duty relief for select rice imports, also effective from May 1, 2025. This measure appears to be in contrast to the imposition of export duties on certain rice categories announced simultaneously. The import duty relief could be intended to ensure sufficient domestic supply of specific rice varieties or to stabilize local prices by encouraging imports. Traders and consumers dealing with the specified rice imports will likely benefit from this duty reduction, potentially leading to lower prices and increased availability.