Yes, the news is true that the Union Government of India slashed customs duty on the import of rice bran and will be exempted completely with effect from 1 October 2013, against the present customs duty of 15 percent. According to the government the promotion of import of rice bran from neighboring countries like Bangladesh and Pakistan. It is expected that an estimate of 50000 to 1 lakh tonnes of rice bran can now be imported from the neighboring countries.