MEP on Onions Raised to US$200/MT from US$170/MT

[Ref: DGFT Notification 56(RE)/08.06.2011]

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  41(RE – 2010)/2009-2014 dated 31.03.2011 read with Notification No 24(RE – 2010)/2009-2014 dated 18.02.2011. The amendment is made with immediate effect.

2. The “Minimum Export Price(MEP) of US$ 170 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No  41(RE – 2010)/2009-2014 dated 31.03.2011 for the item description at Serial Number 44.01 of Notification No  24(RE–2010)/2009-2014 dated 18.02.2011 is replaced by the “Minimum Export Price(MEP) of US$ 200 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 onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 200 per Metric Ton F.O.B.  It was US$ 170 per Metric Ton as notified on 31.03.2011.  There shall be no change in the MEP of Bangalore Rose Onion and Krishnapuram onion which continues to be USD 350 per Metric Ton F.O.B.