MEP on Onions Raised to $425/MTs from $250/MTs

[DGFT Notification No. 13 dated 26^th June 2015]

Subject: Export Policy of Onions- increase 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, 2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 2/2015-20 dated 07.04.2015 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. 2/2015-20 dated 07.04.2015 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 subject to a Minimum Export Price (MEP) of US$ 425 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$ 425 F.O.B. per MT.