Minimum Export Price requirement conditions export permission on meeting a revised FOB MEP threshold under the Foreign Trade Policy. Substitutes the Para 2 entry under 'Nature of Restriction' for the relevant item so that export is permitted only if the Minimum Export Price (MEP) is met on an FOB basis; the notification replaces the prior MEP threshold with the newly specified FOB MEP and takes effect immediately under powers of the Foreign Trade (Development & Regulation) Act and relevant Foreign Trade Policy provisions.
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Provisions expressly mentioned in the judgment/order text.
Minimum Export Price requirement conditions export permission on meeting a revised FOB MEP threshold under the Foreign Trade Policy.
Substitutes the Para 2 entry under "Nature of Restriction" for the relevant item so that export is permitted only if the Minimum Export Price (MEP) is met on an FOB basis; the notification replaces the prior MEP threshold with the newly specified FOB MEP and takes effect immediately under powers of the Foreign Trade (Development & Regulation) Act and relevant Foreign Trade Policy provisions.
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