February 01, 2013 02:54 am | Updated 02:54 am IST - NEW DELHI:
The Centre on Thursday removed quantitative ceiling on export of branded edible oil in consumer packs of up to 5 kg and fixed a minimum export price (MEP) of $1500 per tonne without any quantitative restriction.
It was also decided to set up an inter-ministerial committee chaired by Commerce secretary, to calibrate the MEP from time to time. The committee can co-opt members as special invitees if required.
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