Sponsored
    Follow Us:
Sponsored

Notification No 9 (RE – 2012)/2009-2014

New Delhi, Dated : 1st August, 2012

Subject: Ban on export of edible oil in branded consumer packs.

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government hereby amends, with immediate effect, Notification No. 77 dated 28.09.2011 read with Notification No. 85 dated 17.03.2008.

2. As per Para 4 of Notification No. 77 dated 28.09.2011, export of edible oils is permitted only in branded consumer packs of upto 5 Kgs, within a ceiling of 10,000 tons, for the period 01.11.2011 to 31.10.2012. Now, with immediate effect, even such export of edible oils is prohibited. Accordingly, Para 4 of Notification No. 77 dated 28.09.2011 stands withdrawn.

3. Transitional arrangements under para 1.5 of Foreign Trade Policy, 2009-14 will not be applicable. Export of the consignments handed over to the customs up to 24.00 hrs on 01.08.2012 will be permitted under para 9.12 of Handbook of Procedure.

4. Effect of this notification:

(i) Export of edible oils in branded consumer packs has been prohibited.

(ii) Transitional arrangements under Para 1.5 of FTP shall not be applicable.

(Anup K. Pujari)

Director General of Foreign Trade

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728