Export Policy of Onions - reduction in Minimum Export Price

Dated April,7th, 2015 | Copy of | Notification No.2/2015-2020 | In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendment, with immediate effect, in Notification No.91 (RE-2013)/2009-14 dated 21.08.2014 read with Notification No.73 (RE-2013)/2009-14 dated 12.03.2014 relating to export of onion. 2. The amended para 2 of Notification No.91 (RE-2013)/2009-14 dated 21.08.2014 will now read as: “Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted subject to a Minimum Export Price (MEP) of US$ 250 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”. 3. Effect of this notification: Export of all varieties of onions as described above will be subject to a Minimum Export Price (MEP) of US$ 250 per MT (reduced from MEP of US$ 300 per MT earlier).

Sd/- (Pravir Kumar) Director General of Foreign Trade

File No. 01/91/180/922/AM08/PC-III/Export Cell Issued by: Ministry of Commerce & Industry Department of Commerce New Delhi

Source: DGFT

Original release

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Export Policy of Onions - reduction in Minimum Export Price

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