Export Policy of Onions- reduction in Minimum Export Price (MEP) - 02 /2015-2020 - Foreign Trade Policy

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Government of India Ministry of Commerce Industry Department of Commerce Udyog Bhawan Notification No. 2 /2015-2020 New Delhi, Dated: 7 April, 2015 Subject:- Export Policy of Onions- reduction in Minimum Export Price (MEP). S.O. (E) - 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: 1 [ 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$ 850 F.O.B per Metric Ton till further orders ] 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). (Pravir Kumar) Director General of Foreign Trade E-mail: dgft[at]nic[dot]in (Issued from File No. 01/91/180/922/AM08/PC-III/Export Cell) -------------------------- Notes:- 1. Substituted vide Not. 13/2015-2020 - Dated 26-6-2015, before it was 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 .