DGFT clarifies on the applicability of Minimum Import Price on import of Cashew Kernels

Feb 14, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Directorate General of Foreign Trade (DGFT) on February 14, 2020 clarifies on the applicability of Minimum Import Price (MIP) on import of Cashew Kernels for Special Economic Zone (SEZ) or Export Oriented Units (EOU).

DGFT received references from the importers seeking clarification on application of MIP on import of Cashew Kernels in SEZ or EOU units and it is clarified that MIP on Cashew Kernels (HS Code 0801 3210 and 0801 3220) is not applicable for imports by 100% EOUs and units in the SEZs.

[Trade Notice No. 50/2019-2020]


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