MEP of Onions Cut by $100/MT

[DGFT Notification No. 94 dated 11th January 2012]

Subject: Minimum Export Price 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 makes the following amendment in Notification No 86(RE – 2010)/2009-2014 dated 28.11.2011 read with Notification No 75(RE – 2010)/2009-2014 dated 20.09.2011 immediate effect. 

2. (i)  “Minimum Export Price(MEP) of US$ 250 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No. 86(RE–2010)/2009-2014 dated 28.11.2011 for the item description at Serial Number 44.01 of Notification No 75(RE–2010)/2009-2014 dated 20.09.2011 is replaced by “Minimum Export Price(MEP) of US$ 150 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”.

(ii) “Minimum Export Price(MEP) of US$ 300 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No. 86(RE–2010)/2009-2014 dated 28.11.2011 for the item description at Serial Number 44.02 of Notification No 75(RE–2010)/2009-2014 dated 20.09.2011 is replaced by “Minimum Export Price(MEP) of US$ 250 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”. 

3.   Effect of this notification

Minimum Export Price (MEP) of all varieties of onions except Bangalore Rose Onions and Krishnapuram Onions will be US$ 150 per Metric Ton F.O.B. It was US$ 250 per Metric Ton as notified on 28.11.2011. For Bangalore Rose Onions and Krishnapuram Onions it will be US$ 250 per MT F.O.B instead of US$ 300 per MT as notified on 28.11.2011.