Minimum Export Price of edible oils in branded consumer packs of upto 5 Kgs is reduced to $900 per MT from $1100 per MT

(To be Published
in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)) 

Government of India

Ministry of Commerce &
Industry

Department of Commerce

Udyog Bhawan

Notification No
108 (RE – 2013)/2009-2014

New Delhi, Dated: 6 February,
2015

Subject:
Reduction in Minimum Export Price (MEP) on export of edible oils in branded
consumer packs of upto 5 Kgs.

S.O.(E)
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. 80 (RE-2013)/2009-14 dated 30.04.2014
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 900 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 900 per MT. Earlier it was
USD 1100 per MT.

(Pravir Kumar)

Director General of Foreign Trade

E-mail: dgft[at]nic[dot]in

(Issued from
F.No.01/91/180/774/AM10/Export Cell)