Govt extends ban on de-oiled rice bran exports to September 2025, revises jewellery export norms

These changes are expected to impact various sectors, including electronics, engineering, chemicals, and food products, which also follow input-output norms for export.

The government has extended the ban on the export of de-oiled rice bran until September 30, 2025, as per an official notification issued by the Directorate General of Foreign Trade (DGFT). The ban, which was first implemented in July 2023, has been extended multiple times, with the most recent extension aimed at addressing concerns related to rising prices in the domestic market.

De-oiled rice bran, a key ingredient in cattle and poultry feed, has been central to the ongoing increase in feed prices, which experts have linked to rising milk costs in the country. By maintaining the export ban, the government aims to increase the availability of de-oiled rice bran in the domestic market, thereby helping stabilize feed prices.

In a related development, the DGFT has revised the permissible wastage norms and standard input-output norms (SION) for the export of jewellery and articles. The revised norms set limits on the amount of precious metal, such as gold or silver, that can be lost during the manufacturing process. The updates are intended to ensure that duty-free imported precious metals used in the production of jewellery and other exports are accounted for accurately, preventing them from entering the domestic market.

These changes are expected to impact various sectors, including electronics, engineering, chemicals, and food products, which also follow input-output norms for export.

(With inputs from PTI)