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TMI BlogCommodities having Minimum Export Price (MEP) and Minimum Import Price (MIP) procedureX X X X Extracts X X X X X X X X Extracts X X X X ..... lic Notice/2011 Dated: 08.12.2015 PUBLIC NOTICE NO. 11/2015 Subject:- Commodities having Minimum Export Price (MEP) and Minimum Import Price (MIP) procedure - regarding. Attention is invited to all Importers, Exporters, CHA and Member of Trade Industry to the Notification NO, 17/2015-20 dated and Notification No, 18/2015-20 dated Issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g reflected against shipping bills of these commodities. The aforesaid instances raise the doubt about realization of export proceeds of these commodities through u Banking Channel in respect of export made through different shipping bills thereby defeating the purpose of fixation of MEP by Government of India. 3. In view above, in order to reasonably satisfy export of notified goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms Act. 1962. 5. Bond would stand discharged by Customs once exporter submit the BRC for the concerned shipping bill to the concerned Customs authority within stipulated period failing which appropriate action will be initiated against the exporter under the provisions of Customs Act, 1962 read with Foreign Regulation), 1992. 6. Similarly import of certain Commodities l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ired to submit 'Remittance certificate' of Authorized dealer (Bank) to Customs authority or LCS for discharge of Bond failing which appropriate action as per Customs Act, 1 962 read with FT (DR), 1992 will be taken, 7. The above procedure shall be followed by all exporters / CHAs. Any difficulty in implementation of this Public Notice may be brought to the notice of the Commi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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