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The Ministry of Financial system introduced on Friday, July 28, 2023, that it might briefly ban the export and re-export of rice exterior the nation for 4 months. This resolution was made with the intention to guarantee that there’s a ample provide of rice within the native market.
The choice prohibits the export and re-export of rice that’s originating from the Republic of India, which was imported into the UAE, together with free zones, after July 20, 2023. This is applicable to all forms of rice that fall underneath the Harmonized System code of the Widespread Exterior Tariff (1006), that are:
- Husked rice (white rice)
- Husked rice (brown rice)
- Parboiled rice, whether or not polished or glazed
- Damaged rice
The Ministry of Financial system defined that firms that want to export or re-export these kinds of rice should apply to the Ministry of Financial system for an export allow exterior the nation. This software have to be supported by all paperwork and certificates that assist to confirm the information associated to the cargo to be exported, by way of origin, date of transaction, and some other necessities that the Ministry might require on this regard.
The Ministry additionally famous that firms that want to export or re-export varieties and merchandise of rice that aren’t originating from the Republic of India, should apply to the Ministry of Financial system with the intention to get hold of an export allow exterior the nation. This software have to be supported by all paperwork and certificates that help the verification of the origin of the cargo to be exported exterior the nation.
The Ministry confirmed that the export allow for rice merchandise that it’s going to problem to firms will probably be legitimate for 30 days from the date of its issuance and have to be submitted to the involved customs administration, with the intention to full the customs procedures for exporting the cargo exterior the nation. The applying have to be submitted electronically by the e-mail deal with e.financial system@antidumping, or on to the headquarters of the Ministry of Financial system to submit it. The Ministry notes that this resolution is mechanically renewable except a call is issued to cancel it.
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