MEP of Onions Reduced to US $450/MT FOB for US $600/MT

[DGFT Notification No. 29 dated 1^st March 2011]

Subject: Minimum Export Price of Onions.

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government makes the following amendment in Notification No 24(RE – 2010)/2009-2014 dated 18.02.2011. This will be with immediate effect.

2. The phrase “Minimum Export Price(MEP) of US$ 600 per Metric Ton or as notified by DGFT from time-to-time” as appearing in the Column “Nature of Restrictions against Serial Number 44.01 in Notification No 24(RE – 2010)/2009-2014 dated 18.02.2011 is replaced by the phrase “Minimum Export Price(MEP) of US$ 450 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”

3. Effect of this notification:

Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram will be US$ 450 per Metric Ton F.O.B. Earlier it was US$ 600 per Metric Ton.