# India's rice exports at risk as exporters face huge tax demand-sources

> Indian rice exporters have received customs notices demanding payment of duty differentials on shipments made over the past 18 months. The demands stem from a shift from FOB value to transaction value for calculating the 20% export duties imposed in 2022 and 2023.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/31138-india-s-rice-exports-at-risk-as-exporters-face-huge-tax-demand-sources
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The tax demands could cripple India's rice shipments, the world's largest rice export flow, tightening global supply and supporting rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-01-08 | [Indian rice exporters expect to face challenges due to policy risks, high prices in 2024 - The Hindu](https://feedsoft.ai/events/32109-indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-high-prices.md) | -0.1% | +6.1% |
| RICE | 2023-12-21 | [Indian trade curbs to cut exports by $4 bln, Red Sea attacks a risk -source](https://feedsoft.ai/events/32643-indian-trade-curbs-to-cut-exports-by-4-bln-red-sea-attacks-a-risk-source.md) | -1.2% | +1.2% |
| RICE | 2024-06-24 | [As the demand increased, the price of rice in India increased](https://feedsoft.ai/events/29841-as-the-demand-increased-the-price-of-rice-in-india-increased.md) | -6.8% | -19.8% |
| RICE | 2025-12-01 | [Rice exporters brace for trade shifts as India tightens food security rules \| IREF News \| IREF](https://feedsoft.ai/events/12734-rice-exporters-brace-for-trade-shifts-as-india-tightens-food-security-rules.md) | -0.9% | -5.6% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-rice-exports-at-risk-as-exporters-face-huge-tax-demand-sources/articleshow/108790617.cms?from=mdr

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.