**Policy Summary: Extension of Minimum Export Price on Natural Honey**
This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, extends the imposition of a Minimum Export Price (MEP) on the export of natural honey (HS Code 0409 00 00). Effective December 4, 2024, the MEP is set at US$2000 Free on Board (F.O.B.) per Metric Ton (PMT). This extension is valid until December 31, 2025. This notification is issued in exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade Development Regulation Act, 1992 No. 22 of 1992, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023. The notification amends the earlier Notification No. 75/2023 dated 14.03.2024. For further information, contact Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-Officio Additional Secretary, Government of India, at dgft@nic.in. This notification is issued from File No. 01/91/180/879/AM08/EC/Vol.8/Part/Filee-38272.
Key Entities Referenced
Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce.
Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry responsible for implementing foreign trade policy.
New Delhi: The location of the Directorate General of Foreign Trade, likely referring to New Delhi, Delhi, India.
Foreign Trade Development and Regulation Act, 1992: The Indian law that empowers the government to regulate foreign trade.
Foreign Trade Policy, 2023: The current foreign trade policy of India, which provides a framework for promoting exports and regulating imports.
Minimum Export Price (MEP): A price below which exports are not permitted; in this case, specifically for honey.
Natural Honey: The commodity whose export is being regulated by the notification.
Santosh Kumar Sarangi: The Director General of Foreign Trade and Ex-Officio Additional Secretary, Government of India.
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 4 /2024-25
New Delhi, Dated: 42'December, 2024
Subject: - Imposition of Minimum Export Price (MEP) on Export of Honey.
S.0. (E) In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade
(Development & Regulation) Act, 1992 (No. 22 of 1992), read with Para 1.02 and 2.01 of the
Foreign Trade Policy, 2023, as amended from time to time, and in amendment of the earlier
Notification No. 75/2023 dated 14.03.2024, the Central Government hereby extends the
condition of Minimum Export Price of Natural Honey under ITC(HS) code 04090000 of
Schedule-II (Export Policy), as under:-
Tariff item Item description |Export Policy condition
HS Code Policy
0409 00 00 |Natural Honey Free [Subject to a Minimum Export Price (MEP) of US$
2000 F.0.B per Metric Ton (PMT), till 31sy
|December, 2025.
2, Effect of this Notification:
Minimum Export Price (MEP) on Natural Honcy is extended beyond 31st December, 2024 till
31st December, 2025.
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(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary, Government of India
E-mail: dgft@nic.in
(Issued from File No. 01/91/180/879/AM08/EC/Vol.8/PartFile/e- 38272)