Application for rice import till August 25

The government has reduced tariffs to control the rice market through private imports. Individuals and organizations can apply to the Ministry of Food till August 25 for import of rice at reduced tariff rate. This application has to be made to the Ministry of Food in the prescribed form.

Food Ministry Secretary Moshammat Nazmanara Khanum confirmed the information on Sunday (August 15th).

“Currently, there is a decision to import 1 million tonnes of rice privately,” he said. Private organizations will apply according to the application form. The application can be submitted till August 25 along with the secretary of the food ministry. After that, the Ministry of Food will publish the list with permission to import rice from the applicants.

It may be mentioned that on August 12, the National Board of Revenue (NBR) issued a notification to reduce the duty on rice imports. The NBR has reduced the import duty on rice from 72.5 percent to 25 percent. This facility will remain in force till October 30.

Earlier, the import duty on rice was reduced to 25 per cent last year to control and encourage imports as the price of rice continued to rise, which expired last April.