Sponsored
    Follow Us:
Sponsored

The Export of all varieties of Onions, as described above, has been made ‘Free’ without’ any condition of Letter of Credit (LC) and Minimum Export Price (MEP), with effect from 15th March, 2020. Accordingly, the Notification No. 46/2015-20 related to export of Krishnapuram Onions also stands withdrawn with effect from 15th March, 2020.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi

Notification No. 49/2015-20-DGFT

New Delhi, Dated: 2nd March, 2020

Subject:- Amendment in Export Policy of Onions.

S.O. (E) 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 and 2.01 of the Foreign Trade Policy, 2015-­20, the Central Government hereby makes the following amendment in Notification No. 21/2015-20 dated 29.09.2019 and Notification No. 46/2015-20 dated 06.02.2020 amending the Export Policy 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, with effect from 15th March, 2020.

S.No ITC (HS) Code Description Present Policy Revised Policy
51 07031010 07122000 Onion (all varieties          except Bangalore Rose    onions and  Krishnapuram                          onions) excluding  cut, sliced or broken in powder form. Prohibited Free
52 07031010 07122000 Bangalore  Rose onions    and Krishnapuram onions excluding cut, sliced or broken in powder form. Prohibited Free

2. Effect of this Notification:

The Export of all varieties of Onions, as described above, has been made “Free” without’ any condition of Letter of Credit (LC) and Minimum Export Price (MEP), with effect from 15th March, 2020. Accordingly, the Notification No. 46/2015-20 related to export of Krishnapuram Onions also stands withdrawn with effect from 15th March, 2020.

(Amit Yadav)
Director General of Foreign Trade
Ex-Officio Additional Secretary, Govt. of India
E-mail: dgft@nic.in

(Issued from File No. 01/91/180/922/AM08/EC/Vol.4))

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728