(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:
“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”.
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)
