Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan

Notification No. 60 (RE-2010)/2009-2014

New Delhi, 19^th July,2011

Subject: Exemption for export of 10 lakh MT non basmati rice on private A/C – regarding

S.O.(E) In exercise of the powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No. 38 (RE-2007)/2004-2009, dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, as amended from time to time.

2. Through Notification No. 21 (RE-2010)/2004-2009 dated 10.2.2011 sub para 2.1.14 was added in Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008. Now another sub-para 2.1.15 is added as under:

“2.1.15 Ten lakh MT of non-Basmati rice is allowed for export subject to the following conditions;

1. Prior Registration of contracts with DGFT on a first-come-first-served basis subject to:

1. Export shall be made from privately held stocks.
   
   
2. Applications for allotment must be accompanied with irrevocable and confirmed letter of credit,
   
   
3. An applicant must submit a performance bank guarantee, along with the application for a value equivalent to a value of 10% of applied quantity. In case of non-completion of exports, within the stipulated time frame, this bank guarantee is liable to be confiscated. A flexibility of + or – 5% in performance is allowed.
   
   
4. An application can be for a maximum of 12,500 MT.
   
   
5. This export will be subject to an MEP of US$400 per MT.

2. Applications for intent to export will be sent to [email protected]. The modalities for allocation and the format in which e mails are to be sent is attached as Annexure I and Annexure II respectively, to this Notification.

3. All other provisions of the Notification No.93 (RE-2007)/2004-09 dated 1^st April, 2008, as amended from time to time, shall remain unchanged.
   
   
4. Effect of this notification:

Export of 10 lakh MT of Non Basmati rice has been permitted on private account subject to conditions under para 2.1.15 and modalities for registration of contracts as per Annexure 1 to this notification .

(Anup K. Pujari)
Director General of Foreign Trade
e-mail: [email protected]
(Issued from F.No.01/91/180/775/AM10/Export Cell)

Annexure-I to Notification No:60(RE-2010)/2009-14

Dated 19^th July,201

MODALITIES FOR REGISTRATION OF CONTRACTS

1. Applications for intent to export will be sent to [email protected]
   
   
2. List of successful allottees will be declared on 27^th July 2011, by applying cut wherever the quantity of 10 lakh MT is exhausted on a first –come- first – served basis. List of remaining applicants will be maintained in case any of the successful allottees is unable to produce complete documents and hence unable to obtain Registration Certificate. Any leftover quantity in this situation will be allocated to the next applicant(s) in chronological order from the list. Such list will be displayed on the DGFT website.
   
   
3. A time of 3 weeks will be given to the successful applicants for submitting required documents as per para 2(i) of Notification no:60, to the concerned jurisdictional RA of DGFT or to DGFT (Hqrs) office for obtaining Registration Certificates. A calendar of events specifying the starting and closing dates and time for receipt of applications etc is attached as Annexure III to this Notification.
   
   
4. The applicant must not be in the DEL (Denied Entities List) of DGFT at the time of making application for grant of Registration Certificate. Such applicants will not be issued Registration Certificate.
   
   
5. Only one RC will be issued against one IEC.
   
   
6. After allocation of quantities by DGFT (HQRS) , RC will be issued from concerned jurisdictional RA of DGFT/ DGFT HQRS (as per choice of applicant).

Annexure II to Notification No: 60 (RE-2010)/2009-2014

dated 19^th July, 2011

SAMPLE FORMAT FOR SENDING APPLICATION BY E-MAIL TO ([email protected])

End of E-mail

DECLARATION / UNDERTAKING

1. I / We hereby declare that the particulars and the statements made in this application are true and correct to the best of my / our knowledge and belief and nothing has been concealed or held there from.
   
   
2. I / We fully understand that any information/document furnished with the application if found incorrect or false will render me / us liable for any penal action or other consequences as may be prescribed in law or otherwise warranted.
   
   
3. I / We undertake to abide by the provisions of the FT (D & R) Act, 1992, as amended, the Rules and Orders framed there under, FTP, HBP v 1 and HBP v2 and ITC (HS). I also undertake that in the event of non-performance after grant of Registration Certificate for export of rice by the Directorate General of Foreign Trade, I shall be liable to Penal Action under Section 11(2) of Foreign Trade(Development & Regulation) Act, 1992, (as amended), including forfeiture of performance Bank Guarantee submitted to DGFT.
   
   
4. I hereby certify that I am authorised to verify and sign this declaration.

1. Export Contract along with a copy of confirmed and irrevocable Letter of Credit(LC),


2. Copy of IEC


3. Bank guarantee for 10% of the applied value.

Annexure-III to Notification No: 60 (RE-2010)/2009-14

Dated 19^th July, 2011

CALENDAR OF EVENTS