Minimum Export Price for rice requires FOB to meet the prescribed threshold, with limited commission allowance. Export of rice permitted only if the Minimum Export Price (MEP) is US $900 per ton or Rs. 41,400 per ton FOB. For Basmati rice, foreign commission up to 12.5% is allowed for computation of MEP; any discount or commission in excess of 12.5% will not be allowed for calculation of MEP, requiring FOB price to be higher accordingly.
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Provisions expressly mentioned in the judgment/order text.
Minimum Export Price for rice requires FOB to meet the prescribed threshold, with limited commission allowance.
Export of rice permitted only if the Minimum Export Price (MEP) is US $900 per ton or Rs. 41,400 per ton FOB. For Basmati rice, foreign commission up to 12.5% is allowed for computation of MEP; any discount or commission in excess of 12.5% will not be allowed for calculation of MEP, requiring FOB price to be higher accordingly.
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