N 61/2007 (RE-07)

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GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE

NOTIFICATION NO. 61 (RE-2007)/2004-2009 NEW DELHI, THE 12th DECEMBER, 2007

SUBJECT: Prohibition on export of non-basmati rice – Minimum Export Price

S.O. (E) In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby substitutes with immediate effect the first sentence of Paragraph 2.3 of Notification No. 38(RE-2007)/2004- 2009, dated 15.10.2007 (pertaining to prohibition on export of non-basmati rice) as amended, as follows:

2.     Existing first sentence of Paragraph 2.3:-
   

“2.3 Further, the prohibition imposed by this Notification shall not be applicable to the export of non-basmati rice if the Minimum Export Price (MEP) is more than US$ 425 per ton FOB.”

3.     Substituted first sentence of Paragraph 2.3:-
   

“2.3 Further, the prohibition imposed by this Notification shall not be applicable to the export of non-basmati rice if the Minimum Export Price (MEP) is more than US$ 425 per ton FOB or Rs. 17,000/- per ton FOB.”

4.   This issues in Public Interest.
   

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(R.S. GUJRAL) Director General of Foreign Trade And Ex-Officio Additional Secretary to the Govt. of India

(Issued from F.No.01/91/180/846/AM’08/PC-III (Pt. I))