Prohibition on export of non-basmati rice - Minimum Export Price - 61/2007 - Foreign Trade Policy

Prohibition on export of non-basmati rice - Minimum Export Price NOTIFICATION NO. 61/2007 Dated 12/12/2007 S.O. (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 read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby substitutes with immediate effect the first sentence of Paragraph 2.3 of Notification No. 38(RE-2007)/2004-2009, dated 15.10.2007 (pertaining to prohibition on export of non-basmati rice) as amended, as follows: 2. Existing first sentence of Paragraph 2.3:- "2.3 Further, the prohibition imposed by this Notification shall not be applicable to the export of non-basmati rice if the Minimum Export Price (MEP) is more than US$ 425 per ton FOB." 3. Substituted first sentence of Paragraph 2.3:- "2.3 Further, the prohibition imposed by this Notification shall not be applicable to the export of non-basmati rice if the Minimum Export Price (MEP) is more than US$ 425 per ton FOB or Rs. 17,000/- per ton FOB." 4. This issues in Public Interest. (R.S. GUJRAL) Director General of Foreign Trade And Ex-Officio Additional Secretary to the Govt. of India (Issued from F.No.01/91/180/846/AM'08/PC-III (Pt. I))