GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
NOTIFICATION NO. 2/2015-2020, Dated: April 7, 2015
Subject : – Export Policy of Onions – reduction in Minimum Export Price (MEP).
In exercise of powers conferred by Section 5 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 – 2020, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 91 (RE-2013)/2009-14 dated 21.08.2014 read with Notification No. 73 (RE-2013)/2009-14 dated 12.03.2014 relating to export of onion.
2. The amended para 2 of Notification No. 91 (RE-2013)/2009-14 dated 21.08.2014 will now read as:
“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 subject to a Minimum Export Price (MEP) of US$ 250 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”.
3. Effect of this notification:
Export of all varieties of onions as described above will be subject to a Minimum Export Price (MEP) of US$ 250 per MT (reduced from MEP of US$ 300 per MT earlier).
File No. 01/91/180/922/AM08/PC – III/Export Cell
Director General of Foreign Trade