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Export Policy of Onions—Imposition of Minimum Export Price (MEP)

MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

(DIRECTORATE GENERAL OF FOREIGN TRADE)

NOTIFICATION

New Delhi, the 19th January, 2018

No. 45 /2015-2020

Subject : Export Policy of Onions—Imposition of Minimum Export Price (MEP).

S.O. 339(E).—In exercise of powers conferred by Section 3 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- 20, the Central Government hereby makes amendment, with immediate effect, by substituting Para 2 of Notification No. 39/2015-20 dated 23.11.2017 read with Notification No. 43/2015-2020 dated 29.12.2017 relating to export of onion; as under :

“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 only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton till 20.02.2018”.

2. Effect of this Notification: Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton (instead of US$ 850 F.O.B. per Metric Ton) with immediate effect and till 20.02.2018.

[F. No. 01/91/180/922/AM08/PC-III/Export Cell]

ALOK VARDHAN CHATURVEDI,

Director General of Foreign Trade

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