NOTIFICATION NO. 18/2015, DT. 24/08/2015
- Document type
- Circular
- Dated
Export Policy of Onions - increase in Minimum Export Price (MEP)
NOTIFICATION NO. 18/2015, DT. 24/08/2015
Export Policy of Onions - increase 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 .02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 13/2015-20 dated 26.06.2015 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. 13/2015-20 dated 26.06.2015 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 only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of USS 850 F.O.B. per Metric Ton till 31.12.2017".
(Above para 2 has been amended vide NOTIFICATION NO. 39/2017, DT. 23/11/2017)
[OLD - "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".]
(Above para 2 has been amended vide NTF. NO. 26/2015, DT. 11/12/2015)
[OLD - “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$ 700 F.O.B. per Metric Ton 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$ 700 F.O.B. per MT.
(Pravir Kumar)
Director General of Foreign Trade
E-mail: dgft[at]nic[dot]in
(Issued from File No. 01/91/180/922/AM08/PC-III/Export Cell)