NOTIFICATION NO. 26/2015, DT. 11/12/2015
- Document type
- Circular
- Dated
Export Policy of Onions- revision in Minimum Export Price (MEP)
NOTIFICATION NO. 26/2015, DT. 11/12/2015
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. Para2 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 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 without any Minimum Export Price (MEP)."
(Above para 2 has been amended vide NTF. NO. 29/2015, DT. 24/12/2015)
[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$ 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.
(Anup Wadhawan)
Director Gen-eral of Foreign Trade
E-mail: dgft@nic.in
(Issued from File No. 0l/91/l 8019221 AM08/PC-III/Export Cell)