Cost is a fact
Price is a policy
Profit is a projection
No more export of edible oils - CBEC
DGFT vide Notification No. 60 dated 20.11.2008 had allowed export of edible oils in branded consumer packs of 5 Kgs. subject to a quantitative limit of 10,000 MTs till 31.10.2009. Export of 9365.76 MTs of edible oil has already been made till 31.10.2009 and as such, export of edible oils exempted as above need to be stopped forthwith from all Ports and no further exports should be permitted beyond the limit of 10,000 MTs. The DGFT has requested the Board to ensure that the quantitative limit of 10,000 MT is not breached.
So the Board wants the Customs officers to ensure that export is not allowed.
CBEC F.No.528/5/2007-Cus.(TU) Dated: November 19, 2009