MEP on Onions Cut to US$350/MTs from US$800 MTs
[DGFT Notification No. 59
dated 19th December 2013]
Subject: Export Policy of
Onions.
In exercise of powers
conferred by Section 5 of the Foreign Trade (Development& Regulation) Act,
1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014,
the Central Government amends para 2 of Notification
No.03(RE-2012)/2009-14 dated 29.06.2012 read with Notification No.57(RE-2013)/2009-14
dated 16.12.2013 with immediate effect .
2. The amended para 2
of Notification No. 03(RE-2012)/2009-14 dated 29.06.2012 will now read as:
“Export
of onion for the item
description at Serial Number 51 & 52 of Schedule 2 of ITC(HS)
Classification of Export& Import Items shall be permitted subject to a
Minimum Export Price(MEP) of US$ 350 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$ 350 per MT.