Export Policy of Onions- revision in Minimum Export Price (MEP) - 26/2015-20 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Udyog Bhawan Notification No. 26/2015-20 New Delhi, Dated : 11 th December, 2015 Subject:- Export Policy of Onions- revision 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, 2015-20 , the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 18/2015-20 dated 24.08.2015 read with Notification No. 73 (RE- 2013)/2009-14 dated 12.03.2014 relating to export of onion. 2 . Para 2 of Notification No. 18/2015-20 dated 24.08.2015 is amended to 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: The Minimum Export Price (MEP) for export of all varieties of onions as described above is revised from US$ 700 F.O.B. per MT to US$ 400 F.O.B. per MT. (Anup Wadhawan) Director General of Foreign Trade E-mail: [email protected] (Issued from File No. 01/91/180/922/AM08/PC-III/Export Cell) --------------------------- Notes:- 1. Substituted vide Not. 29/2015-20 - Dated 24-12-2015 , 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$ 400 F.O.B. per Metric Ton .