Areca Nuts Minimum Import Price Enhanced to Rs. 75/- from Rs. 35/-

[DGFT Notification No. 10 dated 14th August 2012]

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with paragraph 1.3 and paragraph 2.1 of the Foreign Trade Policy – 2009-14, the Central Government hereby amends Schedule – I (Imports) of the ITC(HS) Classifications of Export and Import Items, 2009-14 as under:

Exim Code

Item Description

Policy

Policy Conditions

Areca Nuts:

0802 80 10

Whole

Free

Provided CIF value is Rs. 75/- and above per Kilogram.

0802 80 20

Split

Free

Provided CIF value is Rs. 75/- and above per Kilogram.

0802 80 30

Ground

Free

Provided CIF value is Rs. 75/- and above per Kilogram.

0802 80 90

Other

Free

Provided CIF value is Rs. 75/- and above per Kilogram.

2.   Effect of this Amendment

The minimum price for import is enhanced from existing Rs. 35/- to Rs. 75/- per Kilogram.