NOTIFICATION NO. 48/2017, DT. 02/02/2018
- Document type
- Circular
- Dated
Export Policy of Onions- Removal of Minimum Export Price (MEP)
Export Policy of Onions- Removal of Minimum Export Price (MEP)
S.O. (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 amends, with immediate effect, Para 2 of Notification No. 39 / 2015-20 dated 23.11.2017 read with No. 43/2015-2020 dated 29.12.2017 and No. 45/2015-2020 dated 19.01.2018 relating to export of onions.
2. The amended Para 2 of Notification No. 39 / 2015-20 dated 23.11.2017 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 US$ 850 F.O.B per Metric Ton till further orders.
(Above para 2 has been substituted vide NOTIFICATION NO. 19/2019, DT. 13/09/2019)
[OLD-
"Export of onions 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) till further orders". ]
3. Effect of this Notification:
Requirement of Minimum Export Price (MEP) on export of onions as described above stands removed till further orders and all varieties of onions can now be exported without any MEP.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
E-mail: dgft@nic.in
(Issued from File No. 01/91/180/922/AM08/PC-III/Export Cell)