MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
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