Import Policy of Non-Basmati Rice & 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The government has withdrawn on 31.03.2009 the full exemption on import duty and imposed a basic custom tariff of 70% ad valorem on semi-milled or wholly milled rice.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.

The import duty on wheat was reduced from 50% to 5% on 28.06.2006.
The Import duty was further reduced to ZERO percent with effect from 09.09.2006.
The import duty on wheat has been imposed @ 10% with effect from 07.08.2015.
The import duty on wheat has been increased to 25% with effect from 19-10-2015.