Centre ensuring seamless paddy, Custom Milled Rice procurement in Punjab
The Centre on Sunday said all measures are in place to ensure smooth procurement operations in Punjab for Kharif Marketing Season (KMS) 2024-25.
Government of India has reintroduced the Open Market Sales Scheme (Domestic) starting from August 2024 for Financial Year 2024-25 for price stabilization and increasing the affordability of the rice. The e-auction is to be conducted on 11 September for which the tender has been floated for sale of rice.
Traders /empanelled bulk buyers/ manufacturers of rice products, having GST registered shall participate in the e-auction separately for each region against the GST/Trade Tax registration of any State/UT. They can bid for fortified raw rice from 1 MT to 2000 MT against one PAN. In the scheduled e-auction on 11 September, a tentative quantity of 500 Metric Tonnes FRK Raw rice will be offered in the State of Sikkim.
The Reserve Price of Non-Fortified Rice (Raw/ Parboiled) is Rs 2,800 per quintal and Fortified Rice (Raw/ Parboiled) is Rs 2,873 per quintal respectively for all Crop Year plus applicable taxes including Market Fee @ 0.5% on Cost of stocks.
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