MEP on Onions including Bangalore Rose Cut to $400/MT from $700/MT

[Ref: DGFT Notification No. 26/2015-20 dated 11 December 2015]

Subject: Export Policy of Onions- revision 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. 1812015-20 dated 24.08.2015 read with Notification No. 73 (RE- 201 3)12009-14 dated 12.03.2014 relating to export of onion.

2. Para2 of Notification No. l8l20l5-20 dated 24.08.2015 is amended to read as:

"Export of onion for the item description at Serial Number 5l &. 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.