Regarding :Export Policy of Onions- reduction in Minimum Export Price (MEP).
(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. 2 /2015-2020
New Delhi, Dated: 7 April, 2015
Subject:- Export Policy of Onions- reduction 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, 2015-2020, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 91 (RE- 2013)/2009-14 dated 21.08.2014 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. 91 (RE- 2013)/2009-14 dated 21.08.2014 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 subject to a Minimum Export Price (MEP) of US$ 250 per Metric Ton F.O.B. 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$ 250 per MT (reduced from MEP of US$ 300 per MT earlier).
(Pravir Kumar)
Director General of Foreign Trade
E-mail: dgft@nic.in
(Issued from File No. 01/91/180/922/AM08/PC-III/Export Cell)
