Introduction: The Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade (DGFT) in New Delhi has issued Notification No.46/2023 dated 30 November, 2023. This directive pertains to the export of certain food commodities through the National Cooperative Exports Limited (NCEL).

Detailed Analysis: The notification, exercising powers conferred by the Foreign Trade (Development & Regulation) Act, 1992, as amended, allows the export of various food items to specific countries through NCEL. Notable commodities include Wheat Grain, Wheat Flour (Atta), Maida/Semolina, and Broken Rice, with designated quantities specified for each country.

Bhutan, Mali, Senegal, Gambia, and Indonesia are among the countries where these food commodities can be exported, ranging from 14,184 MT to 5 Lakh MT. This move aligns with the Foreign Trade Policy, 2023, and replaces the previous Trade Notices No. 08/2023, 17/2023, and 18/2023.

Conclusion: In effect, the DGFT’s Notification No.46/2023 opens up avenues for the export of crucial food items through NCEL, streamlining the process and aligning with the broader trade policy. The rescinding of earlier trade notices further clarifies the current stance. For further inquiries or clarifications, individuals can reach out to Santosh Kumar Sarangi, the Director General of Foreign Trade, Ex-Officio Additional Secretary, Government of India, via the provided email (dgft@nic.in).

This move signifies a strategic approach to international trade, facilitating the export of essential food commodities through a cooperative framework. Stakeholders in the export sector are encouraged to stay informed about such notifications to navigate the evolving landscape of foreign trade regulation

*****
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi

Notification No. 46/2023- DGFT | Dated: 30 November, 2023

Subject: Export of food commodities through National Cooperative Exports Limited (NCEL).

S.O.5115(E). — In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, export of following food commodities are permitted through National Cooperative Exports Limited (NCEL) : –

Country Name Commodity Quantity
Bhutan Wheat Grain 14,184 MT
Wheat Flour (Atta) 5326 MT
Maida/Semolina 15,226 MT
Broken Rice 48,804 MT
Mali Broken Rice 1 Lakh MT
Senegal Broken Rice 5 Lakh MT in six months’ time
Gambia Broken Rice 50,000 MT in six months’ time
Indonesia Broken Rice 2 Lakh MT

2. Consequent to this Notification, Trade Notice No. 08/2023 dated 20.06.2023, Trade Notice No. 17/2023 dated 28.07.2023 and Trade Notice No. 18/2023 dated 28.07.2023 are hereby rescinded.

Effect of the Notification:

Export of above-mentioned food commodities are permitted through National Cooperative Exports Limited (NCEL). This Notification rescinds Trade Notice No. 08/2023 dated 20.06.2023, Trade Notice No. 17/2023 dated 28.07.2023 and Trade Notice No. 18/2023 dated 28.07.2023

(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary, Government of India
E-mail: dgft@nic.in

(Issued from F. No. 01/91/171/35/AM20/E-file/Part-2/E-35458)

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Download our App

  

More Under DGFT

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

February 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
26272829