MEP ($700)
Removed on Onion Exports
[Notification No.
48/2015-2020 dated 02.02.2018]
Effect
of this Notification:
Requirement of Minimum Export Price (MEP) on export of onions as described
above stands removed till further orders and all varieties of onions can now be
exported without any MEP.
Subject:- Export Policy of Onions- Removal 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 amends, with immediate
effect, Para 2 of Notification No. 39 I
2015-20 dated 23.11.2017 read with No. 4312015-2020 dated
29.12.2017 and No. 4512015-2020 dated 19.01.2018 relating to export of onions.
2
The amended Para 2 of Notification No. 39 I
2015-20 dated 23.11.2017 will now read as:
,
"Export
of onions 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 without
any Minimum Export Price (MEP) till further orders".