Allow duty-free exports of rice with LCs opened before ban, plead shippers -Business Journal
Published on: September 28, 2022.
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The authorities is contemplating the demand to permit the export of damaged and non-basmati white (uncooked) rice duty-free for which letters of credit score (LCs) had been “transmitted on the exporter” and cargo obtained at Container Freight Station(CFS) before the ban got here into impact on September 9.
In a memorandum to the federal government, The Rice Exporters Association (TREA) has stated whereas the transitional association for permitting shipments — which couldn’t be loaded as a consequence of unhealthy climate situations — be prolonged as much as October 15, the federal government also needs to take into account two different components to incorporate them below in-transit definition.
