Commodities having Minimum Export Price (MEP) and Minimum Import Price (MIP) procedure

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..../2011 Dated: 08.12.2015 PUBLIC NOTICE NO. 11/2015 Subject:- Commodities having Minimum Export Price (MEP) and Minimum Import Price (MIP) procedure - regarding. Attention is invited to all Importers, Exporters, CHA and Member of Trade & Industry to the Notification NO, 17/2015-20 dated and Notification No, 18/2015-20 dated Issued DGFT. Ministry of Commerce and Industry, Government of In....

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.... instances raise the doubt about realization of export proceeds of these commodities through u Banking Channel in respect of export made through different shipping bills thereby defeating the purpose of fixation of MEP by Government of India. 3. In view above, in order to reasonably satisfy export of notified goods above MEP by the Customs, it is imperative that export proceeds declared in ship....

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....ed shipping bill to the concerned Customs authority within stipulated period failing which appropriate action will be initiated against the exporter under the provisions of Customs Act, 1962 read with Foreign Regulation), 1992. 6. Similarly import of certain Commodities like Betel Nut are allowed only if CIF value of import is above specified value (refer DGFT Notification No. 10/2015-2020 dtd.....