FCI stated that these rice which was more than two years old was within the standards prescribed under Prevention of Food Adulteration Act. The rice shall be sold in a lot of 10,000 tonne or more at current above poverty line (APL) issue price of Rs 7,000 per tonne plus taxes as applicable. The actual price applicable for sale will be at the price applicable on the date of lifting of stock. The sale of rice shall be on `as is where is basis' and as per certain stipulated conditions.

The stocks are available in different centres within different regions. The buyers, if they so choose, can submit offer for purchase of rice from more than one region but with clear indication of the specific regions from which the stocks are proposed to be purchased by the intending buyer.

The intending buyers should apply to any of the seniorregional managers of FCI and deposit full requisite EMD or security deposit to the tune of one per cent of the total cost of the stocks proposed to be purchased by him within 10 days of the publication of the notice. The decision of the FCI headquarters will be final and without assigning any reason.

Successful buyers will have to deposit 10 per cent of the total cost of the consignment within 15 days from the date of intimation by FCI. The balance 90 per cent cost will be deposited by parties at the time of lifting of stocks but in any case not later than one month from the date of deposit of 10 per cent of the total cost. The lifting of entire rice stock should normally be completed within a period of 30 days from the day of issue of release order.