The Minimum Export Price (MEP) for export of onions is revised to US$ 400

(To be Published in the Gazette of India Extraordinary
Part-II, Section – 3, Sub-Section ii)

Government
of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan

Notification No. 26/2015-20

New
Delhi, Dated: 11th December, 2015

Subject:- Export Policy of Onions- revision
in Minimum Export Price (MEP).

S.O. (E)        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,
2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 18/2015-20 dated
24.08.2015 read with Notification No. 73 (RE-
2013)/2009-14 dated 12.03.2014 relating to export of onion.

2.         
Para 2 of Notification No. 18/2015-20 dated 24.08.2015 is
amended to 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$ 400 F.O.B.
per Metric Ton”.

3.         
Effect of this notification:

The Minimum Export Price (MEP) for
export of all varieties of onions as
described above is revised from
US$ 700 F.O.B. per MT to US$ 400 F.O.B. per MT.

 
Director General of Foreign Trade
E-mail: dgft@nic.in

(Issued
from File No. 01/91/180/922/AM08/PC-III/Export Cell)

Leave a Reply

Your email address will not be published. Required fields are marked *