DGFT imposes Minimum Export Price (MEP) on export of Honey [Read Notification]

The Directorate General of Foreign Trade (DGFT) has imposed a Minimum Export Price on the export of Honey via issuing a Notification.

The Notification Read as follows:

In the exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, the Central Government hereby imposes Minimum Export Price (MEP) on export of Natural Honey under ITC HS code 0409 00 00 of Schedule 2 of the ITC (HS) Export Policy, 2023.

Minimum Export Price on the Export of Honey:

The Notification will come into immediate effect. Transitional arrangements under Para 1.05 of Foreign Trade Policy, 2023 will be applicable.

Effect of this Notification:

Export of Natural Honey is ‘Free’. Minimum Export Price (MEP) of US $ 2000 per Metric Ton (PMT) is imposed till 31st December 2024 or until further orders, whichever is earlier.

For Official Notification Download PDF Given Below: