MEP of $450/MT on Potatoes
Notified – Neighbouring Countries Affected
[DGFT Notification No. 85 dated 26th June
2014]
Subject: Export policy of Potato.
In exercise of
the powers conferred by Section 5 of the Foreign Trade (Development&
Regulation) Act, 1992 (No.22 of 1992), as amended, read with Para 1.3 of the
Foreign Trade Policy, 2009-2014, the Central Government hereby makes the
following amendments in Chapter 7 of Schedule 2 (Export Policy) of ITC(HS)
Classification of Export & Import Items:
2. With
immediate effect, a new entry at Sl. No. 50 A is added in Chapter 7 of Schedule
2 (Export Policy) of ITC (HS) Classification of Export & Import Items, as
follows:
|
Sl. No. |
Tariff Item HS Code |
Unit |
Item Description |
Export Policy |
Nature of Restriction |
|
50 A |
07019000 |
Kg |
Potatoes, Fresh or Chilled |
Free |
Export permitted subject to MEP of
US$ 450 per MT |
3. Effect of
this notification
Export of
Potatoes is permitted subject of MEP of US$ 450 per MT.