FTP - Minimum Export Price of Basmati Rice Reduced
CENTRAL Government has amended Schedule 2 of ITC(HS) Classification of Export and Import Items, Sl. No. 45AA in Chapter 10 by which
++ Minimum Export Price of Basmati Rice has been reduced to USD 700 per MT. Earlier it was USD 900 or Rs. 41,400/- per MT FOB. MEP is expressed only in terms of US dollar.
++ Export is now permitted through all EDI ports. Earlier it was allowed only through six ports.
DGFT Notification No. 97 (RE-2010) /2009-2014, Dated: February 21, 2012