• Page last updated on: 31 December 2018
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IMPORT POLICY OF NON-BASMATI RICE AND WHEAT

  • No import of rice for the Central Pool has taken place since 2003-04
  • In order to meet the shortfall in the Central Pool, the Government decided to import wheat during 2006-07 & 2007-08. During 2006-07 a total quantity of 54.54 lakh tons was imported at a weighted average price of US $ 204.65 (Rs. 9,240.72) per ton and in 2007-08 a total quantity of 17.69 lakh MT of wheat was imported at a weighted average price of US $ 372.82 (Rs.14,755.32 per ton).
  • No import of wheat has been made for the Central Pool since 2008-09 onwards in view of the record procurement of wheat in RMS 2008-09 and subsequent years. Import duty on rice and wheat are as follows:

Rice

  • Import duty allowed at ZERO from 01.03.2008 to 01.04.2009.
  • The Government has withdrawn on 31.03.2009 the full exemption on import duty and imposed a basic custom tariff of 70% and valorem on semi-milled or wholly milled rice.
  • Import duty on rice has been again reduced to NIL up to 30.09.2010 vide D/O Revenue’s notification no. 118/2009-Customs dated 14th October, 2009. This was further extended up to 30.09.2011 vide notification no. 102/2010-Customs dated 1st October, 2010.
  • No further extension for its validity beyond 30.09.2011 has been granted in view of record production and availability of food grains in Central Pool Stock.

    Wheat

    • The import duty on wheat was reduced from 50%^to 5% on 28.06.2006. Therefore, the following changes in Import Duty on wheat have been taken place:Effective rate of Basic Custom Duty
      Sr. No. Date Effective rate of Basic Custom Duty
      1. 09.09.2006 ZERO
      2. 07.08.2015 10%
      3. 19.10.2015 25%
      4. 23.09.2016 10%
      5. 08.12.2016 ZERO
      6. 28.03.2017 10%
      7. 08.11.2017 20%
      8. 23.05.2018 30%