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

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....15 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 India by which Minimum Export Price (MEP) have been fixed ....

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....rt 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 shipping bill must be realized by exporter through bankin....

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....in 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. 08.06.2015) i.e. Minimum Import Price (MIP) has been fix....