MEP on Onions Cut to US $170/MT

[DGFT Notification No. 41 dated 31st 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 36(RE – 2010)/2009-2014 dated 23.03.2011 read with 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$ 225 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 (a) of Notification No 36(RE – 2010)/2009-2014 dated 23.03.2011 for the item description at Serial Number 44.01 of Notification No 24(RE–2010)/2009-2014 dated 18.02.2011 is replaced by the phrase “Minimum Export Price(MEP) of US$ 170 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 onions will be US$ 170 per Metric Ton F.O.B. It was US$ 225 per Metric Ton as notified on 23.03.2011. There shall be no change in the MEP of Bangalore Rose Onion and Krishnapuram onion which continues to be USD 600 per Metric Ton F.O.B.