MEP on Onion Cut to US$800/MT from US$1150/MT
[DGFT Notification No. 57 dated 16th December 2013]
Subject:
Export Policy of Onions.
In
exercise of powers conferred by Section 5 of the Foreign Trade
(Development& Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of
the Foreign Trade Policy, 2009-2014, the Central Government amends para 2 of Notification No.03(RE-2012)/2009-14 dated
29.06.2012 read with Notification No.49(RE-2013)/2009-14 dated
01.11.2013 with immediate effect .
2. The amended para 2
of Notification No. 03(RE-2012)/2009-14 dated 29.06.2012 will now read as:
“Export
of onion for the item
description at Serial Number 51 & 52 of Schedule 2 of ITC(HS)
Classification of Export& Import Items shall be permitted subject to a
Minimum Export Price(MEP) of US$ 800 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$ 800 per MT.