Amendments with immediate effect, Notification No.38 (RE-2007)/2004-2009 dated 15.10.2007 read with Notification No.93 (RE-2007)/2004-09 dated 1.4.2008, and Notification No.83 (RE-2008)/2004-2009 dated 27.1.2009-reg. - 05/2009-2014 - Foreign Trade Policy

Amendments with immediate effect, Notification No.38 (RE-2007)/2004-2009 dated 15.10.2007 read with Notification No.93 (RE-2007)/2004-09 dated 1.4.2008, and Notification No.83 (RE-2008)/2004-2009 dated 27.1.2009-reg. 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 NOTIFICATION NO. 05/2009-2014 NEW DELHI, THE 7TH SEPTEMBER, 2009 Subject: Export of Rice - MEP and conditions regarding S.O.2278(E). - In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2009-2014 , the Central Government hereby makes, with immediate effect, the following amendment to Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008 , and Notification No. 83 (RE-2008)/2004-2009 dated 27.01.2009 , as amended from time to time. 2. Entry at Para 2 under "Nature of Restriction" at Sl. No. 45AA relating to minimum FOB price shall stand substituted as,- "2. Export permitted only if the Minimum Export Price (MEP) is US $ 900 per ton or Rs. 41,400/-per ton FOB." 3. Export of Basmati rice, as above shall be subject to the additional condition that foreign commission upto 12.5% is to be allowed for computation of MEP and any discount /commission in excess of 12.5% will not be allowed for calculation of MEP (and FOB price will have to be higher to that extent). 4. This issues in Public Interest. Sd/- (R. S. GUJRAL) DIRECTOR GENERAL OF FOREIGN TRADE And Ex-Officio Additional Secretary to the Govt. of India (Issued from F.No.01/91/180/775/AM10/Export Cell) ----------------------------------------- Notes:- 1. Further Amendment See Also Notification No. 21/2009-2014, dated 14/12/2009