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Indian government bans all edible oil exports for a year
by Jo BlackIndian federal government has with immediate effect prohibited export of all edible oils. It may be recalled that before the ban imposed, export of edible oils was free. But with the Notification No. 85 dated 17.3.2008 export of all edible oils has been prohibited with immediate effect.
The ban imposed will be applicable for a period of one (1) year from the date of Notification. Also, transitional arrangements allowed under Para 1.5 of Foreign Trade Policy, 2004-2009, shall not be applicable to the ban imposed vide Notification No. 85.
However, export of Basmati rice has also been allowed through the ports of Mundra and Pipavav in addition to ports notified earlier. The federal Government had earlier notified that export of both basmati and non-basmati will be allowed through the four ports of Kandla, Kakinada, Kolkata and JNPT Mumbai only. Now the government has allowed export of basmati rice through the ports of Mundra and Pipavav also. It may be clarified that export of Non-Basmati rice will not be allowed through the ports of Mundra and Pipavav.
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