Export Policy of Onions- Imposition of Minimum Export Price (MEP) - 45/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, Notification No. 45/2015-2020 New Delhi, Dated the 19 January, 2018 Subject:- Export Policy of Onions- Imposition of Minimum Export Price (MEP). 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 of the Foreign Trade Policy, 2015-20 , the Central Government hereby makes amendment, with immediate effect, by substituting Para 2 of Notification No. 39 / 2015-20 dated 23.11.2017 read with Notification No. 43/2015-2020 dated 29.12.2017 relating to export of onion; as under : 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$ 700 F.O.B. per Metric Ton till 20.02.2018 . 2. Effect of this Notification: Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton (instead of US$ 850 F.O.B. per Metric Ton) with immediate effect and till 20.02.2018. (Alok Vardhan Chaturvedi) Director General of Foreign Trade E-mail:[email protected] (Issued from File No. 01/91/180/922/AM08/PC-III/Export cell)