Sponsored
    Follow Us:
Sponsored

The Directorate General of Foreign Trade (DGFT) has issued Notification No. 28/2024-25, amending the export policy for onions as detailed in Chapter 07 of Schedule-II (Export Policy) of ITC(HS). Effective immediately, the Minimum Export Price (MEP) of USD 550 per Metric Ton (MT), previously applied to the export of onions under ITC(HS) Code 07031019, has been removed. This change updates the earlier Notification No. 10/2024-25 dated May 4, 2024. The revised policy now allows the export of onions without the MEP constraint, facilitating a more flexible export environment.

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

Notification No. 28/2024-25- DGFT | Dated: 13th September 2024

Subject: – Amendment in Export policy Conditions of Onions -reg

S.O. 3947(E): In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as amended time to time, read with Para 1.02 and 2.01 of the Foreign Trade Policy 2023, the Central Government hereby, in amendment of the earlier Notification No. 10/2024-25 dt. 4th May 2024, makes the following changes in Export Policy conditions of Onions in Chapter 07 of Schedule-II(Export Policy) of ITC(HS) as under:-

ITC(HS) Code Description Export Policy Existing Policy
condition
Revised Policy Condition
07031019 Onions: —- Other Free Export is subject to a Minimum Export Price (MEP) of USD 550 per Metric Ton (MT)

2. The Notification will come into immediate effect.

Effect of this Notification: The Minimum Export Price (MEP) condition on Export of Onions is removed with immediate effect and until further orders.

(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary, Government of India
E-mail: [email protected]

(Issued from File No. 01/91/191/060/AM-24/EC/e-38291)

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Your email address will not be published.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
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930