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

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

Minimum Export Price (MEP) on export of Honey

Reetu | Mar 16, 2024 |

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

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:

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
New India’s UPI Revolution: UPI unstoppable with 138% growth in Transaction Value from 2017-18 to 2023-24 New RCM Time of Supply Rules came into effect from 1st Nov 2024; Know About the Rule Income Tax Due Date Calendar Nov 2024 Form 12 BAA is meant to assist you in Claiming Tax Credits for Non-Salary Income Technical Issues in Income Tax Returns Processing has put Taxpayers in TroubleView All Posts