S.O (E ) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (N0.22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendments, with immediate effect, in Notification No.18/2015-20 dated 24 August 2015 read with Notification No.73 (RE-2013)/2009-14 dated 12 March 2014 relating to export of onion.
Para 2 of Notification No.18/2015-20 dated 24 August 2015 is amended to 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.
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.
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