Consumer Pack Edible Oil MEP Cut by $300 to $1100/MT from $1400/MT

[DGFT Notification No. 80 dated 30^th April 2014]

Subject: Amendment in Notification No 22(RE-2013)/2009-14 dated 18^th June, 2013 relating to export of edible oils.

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government hereby amends with immediate effect Para 4 of Notification No 22(RE-2013)/2009-14 dated 18^th June 2013 read with Notification No. 45 (RE-2013)/2009-14 dated 09.10.2013 relating to Sl. No. 92 of Schedule 2 of ITC(HS) Classification of Export & Import Items as under:

“4. Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price of USD 1100 per MT”.

2. Effect of this notification

MEP on export of edible oils in branded consumer packs of upto 5 Kgs has been reduced to USD 1100 per MT. Earlier it was USD 1400 per MT.