Minimum Export Price (MEP) for Onions

 

Minimum Export Price (MEP) for Onions

 

Minimum Export Price (MEP) for OnionsS.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. 2/2015-20 dated 07.04.2015 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. 2/2015-20 dated 07.04.2015 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$ 425 F.O.B. per Metric Ton 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$ 425 F.O.B. per MT.

 

Click here to read complete notification:

 

 

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Comments


arif dhankot: greetings, I will be pleased to hear from you about minimum export price(MEP) on onions and how can we avoid this rule.also what can be the problems if I sell below the MEP?. thank you

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