TO BE PUBLISHED IN THE GAZETTE OF
SECTION 3, SUB SECTION (ii)
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION NO. 5 /2009-2014
Subject: Export of Rice – MEP and conditions regarding
S.O.(E) In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, and Notification No. 83 (RE-2008)/2004-2009 dated 27.01.2009, as amended from time to time.
2. Entry at
“2. Export permitted only if the Minimum Export Price (MEP) is US $ 900 per ton or Rs. 41,400/-per ton FOB.”
3. Export of Basmati rice, as above shall be subject to the additional condition that foreign commission upto 12.5% is to be allowed for computation of MEP and any discount /commission in excess of 12.5% will not be allowed for calculation of MEP (and FOB price will have to be higher to that extent).
4. This issues in Public Interest.
(R. S. GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
And Ex-Officio Additional Secretary to the Govt. of
(Issued from F.No.01/91/180/775/AM10/Export Cell)