HS Code Guide · EPM Subvention
HS Code 100630 Meaning — Rice, semi-/wholly milled (polished/glazed): Global Trade, India & Factoring Guide
HS 100630 covers rice, semi-/wholly milled (polished/glazed). This guide explains what the code includes, its global trade, India's position, how GIFT City helps factor it, and whether MSME factoring qualifies for the 2.75% interest subvention.
What this HS code covers
HS 100630 sits in 10 — Cereals. Official tariff description: “Cereals; rice, semi-milled or wholly milled, whether or not polished or glazed” In plain terms, it covers rice, semi-/wholly milled (polished/glazed). Classification decides duty and documents; this 6-digit line is in the DGFT positive list (Trade Notice 25/2025-26 Annex V), so MSME factoring under it qualifies for the 2.75% subvention — details below.
What is HS 100630?
HS 100630 covers milled white rice — semi-milled or wholly milled, polished or glazed — including basmati and non-basmati, but not paddy (100610), husked/brown (100620) or broken (100640).
Official description: Cereals; rice, semi-milled or wholly milled, whether or not polished or glazed
What HS 100630 does in trade
- Is the volume line for India's flagship cereal export — basmati and non-basmati white rice ship under 100630.
- Is eligible for 2.75% — cereals are in the positive list and milled rice factoring qualifies.
- Determines customs duty and export policy checks (basmati MEP, non-basmati restrictions change by season — DGFT notification prevails).
Global perspective — where HS 100630 moves
World milled-rice trade ~45–50 MT annually. Thinly traded vs wheat/corn, so policy shocks move prices. Asia is both source and sink; Middle East and Africa are structural importers.
| Top global exporters | Top global importers |
|---|---|
| India | China |
| Thailand | Philippines |
| Vietnam | Saudi Arabia |
| Pakistan | Iran |
| United States | Iraq |
India's stance on HS 100630
India is the world's largest rice exporter (~20 MT), with basmati (GI, higher value) and non-basmati (volume). Punjab/Haryana (basmati) and AP/Telangana/UP (non-basmati) are hubs. APEDA registers exporters. Recent seasons saw DGFT export-duty/MEP interventions — verify live notification.
Export docs to watch
Rice needs APEDA RCMC, phytosanitary certificate, and for basmati variety/purity proof. DGFT export policy for rice changes — check latest notification before shipment.
GIFT City — factoring HS 100630 in foreign currency
Rice is typically USD invoiced 60–90 days; GIFT City factoring in USD keeps the 2.75% subvention and avoids INR conversion on the advance.
Trad can route eligible invoices via an IFSCA-regulated IBU or Finance Company/Finance Unit undertaking factoring in GIFT City. The 2.75% subvention is identical whether you factor via India (RBI-regulated) or GIFT City (IFSCA-regulated) — the choice is about currency, banking relationship and buyer location, not the benefit rate.
Common financing stack for this HS
Factoring advances 70–90% in 24–48 hours after invoice verification; balance minus discount/fees on buyer payment. Works alongside packing credit — factoring covers the post-shipment open-account gap.
MSME subvention — is HS 100630 eligible for 2.75%?
Yes — HS 100630 is in the positive list (Trade Notice 25/2025-26 Annex V). MSMEs involved in international value chains with a valid active IEC (not in DEL) and valid Udyam can claim 2.75% per annum on the factoring interest cost element when factoring via an RBI/IFSCA-regulated entity.
| Check | For HS 100630 |
|---|---|
| In positive list (HS-6) | Yes — 100630 listed in Annex V |
| Benefit | 2.75% p.a. on interest cost element |
| Annual cap | ₹50 lakh per MSME per FY |
| Valid from | Prospectively from 20 Feb 2026 |
| Need UIN per factor? | Yes — declaration of intent before factoring, valid till FY-end |
| Eligible factors | RBI-regulated (AD bank / factoring NBFC) or IFSCA-regulated (GIFT IBU/FC) |
| Not covered | Deemed exports (FTP Ch.7) & exports to SEZs |
Eight-digit HS? Use first 6 digits
Eligibility is at HS-6. If your 8-digit HS (e.g. 10063010) starts with 100630, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 100630 — free
Verify any 6 or 8-digit HS against the DGFT positive list and see the 2.75% factoring eligibility in seconds.
Open HS checkerFrequently asked questions
What is HS 100630 — Rice, semi-/wholly milled (polished/glazed)?
HS 100630 covers milled white rice — semi-milled or wholly milled, polished or glazed — including basmati and non-basmati, but not paddy (100610), husked/brown (100620) or broken (100640).
Is HS 100630 eligible for the 2.75% interest subvention?
Yes. HS 100630 is in the DGFT positive list (Trade Notice 25/2025-26 Annex V, 4139 HS-6 lines). MSMEs factoring exports under this line via RBI/IFSCA-regulated factors can claim 2.75% per annum on the interest cost element, capped at ₹50 lakh per MSME per year, prospectively from 20 Feb 2026. Requires valid IEC (not in DEL), valid Udyam, and a UIN per factor obtained before factoring.
Who can claim the 2.75% for HS 100630 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 100630 via RBI/IFSCA-regulated entities. File a declaration of intent on the DGFT portal to get a UIN per factor (valid till FY-end), factor the invoice, the factor files monthly IEC-wise claims; subvention is credited to your IEC-linked bank account.
Can HS 100630 be factored via GIFT City?
Yes. IBUs and Finance Companies/Finance Units undertaking factoring in GIFT City (IFSCA-regulated) are eligible financial institutions under IFSCA circular 19 Mar 2026 and must extend the 2.75% benefit. Useful for USD/EUR receivables where you want foreign-currency factoring.
What does factoring for HS 100630 cost after subvention?
Indicatively, factoring discount/interest is priced commercially (often 8–12% p.a. depending on buyer, tenor, currency) plus factoring fee ~0.5–3% ⚠️. The 2.75% offsets only the interest element — e.g. a 9% interest cost becomes ~6.25% effective on that element if eligible. Fees/insurance/FX remain. Compare all-in cost.
Related HS codes
Compare HS 100630 with other MSME-export lines in the same chapter or family.
See all codes on the HS code guides hub, or read the 2.75% subvention deep-dive.