Sponsored
    Follow Us:
Sponsored

Directorate General of Foreign Trade (DGFT) has extended the Minimum Export Price (MEP) requirement for natural honey exports until December 31, 2025. As per Notification No. 45/2024-25, the export of natural honey under HS Code 04090000 remains permitted (“Free”) but is subject to an MEP of $2000 FOB per metric ton. This decision, made under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy 2023, supersedes the earlier notification dated March 14, 2024.

The continuation of the MEP aims to regulate honey exports, ensuring quality control and stability in international markets. Exporters must adhere to this pricing guideline to comply with the updated export policy conditions.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi

Notification No. 45/2024-25- DGFT | Dated: 30 December, 2024

Subject: – Imposition of Minimum Export Price (MEP) on Export of Honey.

S.O. 5636 (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(IIS) code 04090000 of Schedule-II (Export Policy), as under:-

Tariff item HS Code Item description Export Policy Policy condition
0409 00 00 Natural Honey Free Subject to a Minimum Export Price (MEP) of US$ 2000 F.O.B per Metric Ton (PMT), till 31st December, 2025.

2. Effect of this Notification:

Minimum Export Price (MEP) on Natural Honey is extended beyond 31st December, 2024 till 31st December, 2025.

(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/ECNo1.8/PartFile/e- 38272)

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Your email address will not be published.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