MEP of $360/MT on Potatoes Re-introduced
·
85-Ntfn(RE)/26.06.2014 –
Inserted
·
112-Ntfn(RE)/20.02.2015
- Deleted
[DGFT Notification No.
15 dated 26th July 2016]
Effect of this
notification: Export of Potatoes is permitted subject to Minimum
Export Price (MEP) of US$ 360 per MT.
Subject: Minimum Export
Price (MEP) on export of Potato.
In exercise of the
powers conferred by Section 5 of the Foreign Trade (Development &
Regulation) Act, 1992 (No.22 of 1992), as amended, read with Para 1.02 of the
Foreign Trade Policy, 2015-2020, the Central Government hereby makes the
following amendments in Chapter 7 of Schedule 2 of
ITC(HS) Classification of Export and Import
items, as amended from time to time:
“With immediate effect,
the table in respect of Sl. No. 50A inserted vide Notification No.
85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato as
amended vide Notification No. 112 (RE-2013)2009-2014 dated 20.02.2015, is
substituted as follows:
|
Sl.
No. |
Tariff
Item HS Code |
Unit |
Item
Description |
Export
Policy |
Nature
of Restriction |
|
50 A |
07019000 |
Kg |
Potatoes,
Fresh or Chilled |
Free |
Export
permitted subject to Minimum Export Price (MEP) of US$ 360 per MT |