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India’s rice exports at risk as exporters face huge tax demand

India’s rice exports at risk as exporters face huge tax demand
India’s rice exports at risk as exporters face huge tax demand 5
India’s rice exports at risk as exporters face huge tax demand
The top rice exporter imposed a 20% export duty on white rice in 2022 to control domestic prices ahead of key state and national elections. (File pic)

MUMBAI: Indian exporters have received notices from the customs department demanding payment of duty differentials on rice exported in the last 18 months, four exporters told Reuters, a rare tax demand that could cripple rice shipments from India.

The world’s biggest rice exporter imposed a 20% export duty on white rice in September 2022, followed by a similar duty on parboiled rice in August 2023 to control domestic rice prices ahead of key 2024 state and national elections.