Govt imposes export duty on basmati rice

In March, the government withdrew the duty entitlement passbook (DEPB) scheme benefits on basmati rice export apart from raising the MEP from $1,100 to $1,200 a tonne.

"The duty would significantly impact the industry. We have mailed about the duty increase to our buyers and asked them to respond. The buyer has to absorb this hike", said Anil Mittal, chairman and managing director of KRBL, which sells basmati under the