Gold and Silver Updates

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India on Tuesday deferred the requirement of acquiring a certificates of inspection from a authorities company to ship each basmati and non-basmati rice to European international locations to July 1, 2021. Earlier the date was January 1 subsequent yr.

A notification dated August 10 is “amended to the extent that export of rice (basmati and non-basmati) to EU member states and different European international locations – Iceland, Liechtenstein, Norway and Switzerland solely would require Certificates of Inspection from EIA/EIC”.

Export to remaining European international locations (besides Iceland, Liechtenstein, Norway and Switzerland) would require Certificates of Inspection by Export Inspection Council (EIC)/Export Inspection Company (EIA) for export “from July 1, 2021,” the directorate mentioned. India, the world’s prime rice exporter, exports about 3 lakh tonnes of basmati rice to the EU.

The Export Inspection Council (EIC) is the official export certification physique of India which ensures high quality and security of merchandise exported from India. The Export Inspection Businesses (EIAs) underneath the council are situated at Mumbai, Kolkata, Kochi, Delhi and Chennai.

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