The minimum price for import of Areca Nuts is enhanced from existing Rs. 75/- to Rs. 110/- per Kilogram


Dated 16th May 2013

GOVERNMENT OF INDIA (Ministry of Commerce and Industry) vide its Notification No. 12(RE-2013)/2009-2014 dated: 13th May, 2013 notified as follows.

S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby makes the following amendment in Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy):

2. The CIF value of Areca Nuts under the following Exim Codes of Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from the present ‘Rs.75/- and above per Kilogram’ to ‘Rs. 110/- and above per Kilogram’. The revised entries shall be as under:

Exim Code: 0802 80 10 Item Description: – Areca Nuts: Whole   Policy: Free Policy Condition: Provided CIF value is Rs. 110/- and above per Kilogram.

Exim Code: 0802 80 20 Item Description: – Areca Nuts: Split       Policy: Free Policy Condition: Provided CIF value is Rs. 110/- and above per Kilogram.

Exim Code: 0802 80 30 Item Description: – Areca Nuts: Ground             Policy: Free Policy Condition: Provided CIF value is Rs. 110/- and above per Kilogram.

Exim Code: 0802 80 90 Item Description: – Areca Nuts: Other     Policy: Free Policy Condition: Provided CIF value is Rs. 110/- and above per Kilogram.

  1. Effect of this Amendment:

The minimum price for import of Areca Nuts is enhanced from existing Rs. 75/- to Rs. 110/- per Kilogram.

SOURCE: GOVT. OF INDIA, MINISTRY OF COMMERCE AND INDUSTRY

 

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