TaxTMI 
TaxTMI 
Raising of Minimum Import Price (MIP) on import of Arecanuts
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....aising of Minimum Import Price (MIP) on import of Arecanuts <br>News and Press Release<br>Dated:- 3-6-2015<br><BR>On account of unabetting import of areca nut from neighbouring countries originating f....
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....rom countries such as Indonesia and Myanmar taking the advantage of low import duty provided under SAFTA and consequent representations from various stakeholders, the Department of Commerce has decide....
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....d to increase the Minimum Import Price (MIP) on import of Areca nuts from existing ₹ 110/- per kg. to ₹ 162/- per kg. with immediate effect. The FSSAI has also advised its Field offices ....
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....to stringently adhere to the quality specifications of areca nut before clearing the import consignments. This has been done with a view to prevent inferior quality areca nut from entering indian mark....
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....et and de-stabilise the domestic prices. The Customs Authorities have been advised to check the rules of origin with utmost care so as to ensure that areca nut grown in other countries are not impor....
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....ted through our neighbouring countries taking advantage of low import duty under SAFTA. The increase in the existing MIP on import of Areca nuts will be in the interest of the domestic farmers.<BR> ....
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....News - Press release - PIB....