DGFT Notification: New Quota Allocation for Export of Broken Rice 2024

The Directorate General of Foreign Trade (DGFT) has issued new guidelines regarding the allocation of quotas for the export of broken rice. While the export of broken rice was generally prohibited to ensure domestic food security, the government has introduced specific exceptions for export to certain countries based on government-to-government requests. As per DGFT Notification No. 07/2023-24, these exports are now strictly regulated through an allocation procedure handled by the DGFT. ## Key points for exporters Exporters must undergo a specific application process on the DGFT portal to be considered for a slice of the allocated quota. The selection criteria often include historical export performance and the ability to fulfill shipments within a tight timeframe. It is vital for exporters to ensure that their IEC (Importer Exporter Code) is active and that they meet the compliance requirements for food safety standards as mandated by destination countries. This update is particularly relevant for those dealing in the non-basmati segment. Exporters should note that these quotas are non-transferable and must be utilized within the validity period specified in the license. Failure to export the allocated quantity may lead to penalties or debarment from future quota cycles. We recommend monitoring the official DGFT portal regularly for the opening of the application window for the next financial quarter.