Onion Export Restriction Return, Export Allowed only on LC subject to MEP of $850 per MT Introduced till 31 Dec 2017

[Ref: Notification No. 39 /2015-2020 dated 23 November 2017]

Effect of this notification: Export of all varieties of onions as described above will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B. per Metric Ton ti1131.12.2017.

Subject:- Export Policy of Onions- Imposition of Minimum Export Price (MEP).

In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 29/2015-20 dated 24.12.2015 relating to export of onion.

2. Para 2 of Notification No. 29/2015-20 dated 24.12.2015 is amended to read as:

"Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of lTC (HS) Classification of Export & Import Items shall be permitted only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B. per Metric Ton till 31.12.2017".