MEP on Onions Cut to US$250/MTs from US$300/MTs

[Ref: Notification No. 2 /2015-2020 dated 7 April 2015]

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

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).