MEP on Onions Raised to
US$1150/MT from US$900/MT
[DGFT Notification No. 49 dated 1st November 2013]
Subject:
Export Policy of Onions.
In
exercise of powers conferred by Section 5 of the Foreign Trade
(Development& Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of
the Foreign Trade Policy, 2009-2014, the Central Government amends para 2 of Notification No.03(RE-2012)/2009-14 dated
29.06.2012 read with Notification No.41(RE-2013)/2009-14 dated 19.09.2013 with
immediate effect .
2. The amended para 2
of Notification No. 03(RE-2012)/2009-14 dated 29.06.2012 will now read as :
“Export
of onion for the item
description at Serial Number 51 & 52 of Schedule 2 of ITC(HS)
Classification of Export & Import Items shall be permitted subject to a
Minimum Export Price(MEP) of US$ 1150 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 USD 1150 per MT.