MEP on Onions Cut to $700/MT FOB from $850/MT

· Measure Extended for One More Month Till 20 Feb 2018

[Notification No. 45/2015-2020 dated 19 January 2018]

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$ 700 F.O.B. per Metric Ton (instead of US$ 850 F.O.B. per Metric Ton) with immediate effect and till 20.02.2018.

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 amendment, with immediate effect, by substituting Para 2 of Notification No. 39 I 2015-20 dated 23.11.2017 read with Notification No. 43/2015-2020 dated 29.12.2017 relating to export of onion; as under :

"Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton ti1120.02.2018".