Home India Ministry of Commerce and Industry Removal of Minimum Export Price (MEP) on export of Potato....
Date: 2015-02-20 Category: Extra Ordinary State: Union Government Country: India

Removal of Minimum Export Price (MEP) on export of Potato.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Policy Summary: Removal of Minimum Export Price (MEP) on Potato Exports** **Date:** February 20, 2015 **Issuing Authority:** Ministry of Commerce and Industry, Department of Commerce, Government of India. **Notification Number:** No. 112 RE2013/2009/2014 **Subject:** This notification removes the Minimum Export Price (MEP) on the export of potatoes. **Legal Basis:** The notification is issued in exercise of the powers conferred by Section 5 of the Foreign Trade Development and Regulation Act, 1992 (No. 22 of 1992), as amended, read with Para 1.3 of the Foreign Trade Policy, 2009-2014. **Amendments:** This notification amends Notification No. 85/RE2013/2009/2014 dated June 26, 2014, relating to the export of potatoes. Specifically, the table in para 2 of the earlier notification is substituted with the following: | Sl. No. | Tariff Item (HS Code) | Unit | Item Description | Export Policy | Nature of Restriction | |---------|-----------------------|------|--------------------------------|---------------|-----------------------| | 50 | 07019000 | Kg. | Potatoes, Fresh or Chilled | Free | | **Effective Date:** Immediate (February 20, 2015) **Effect:** The Minimum Export Price (MEP) on the export of potatoes has been removed. **Contact:** Pravir Kumar, Director General of Foreign Trade. F. No. 01/91/180/82/AM-15/Export Cell

Key Entities Referenced

Foreign Trade Development and Regulation Act, 1992: An act of the Parliament of India to provide for the development and regulation of foreign trade. Foreign Trade Policy, 2009-2014: The foreign trade policy in effect during the years 2009-2014. Central Government: The executive authority of the Union of India. Notification No. 85RE201320092014: A notification issued on 26th June, 2014, related to export regulations. Potato: The agricultural commodity that is the subject of the export policy change. Minimum Export Price MEP: The minimum price at which potatoes can be exported, which has been removed by this notification. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Pravir Kumar: Director General of Foreign Trade
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