MEP on Bangalore Rose and Krishnapuram Onions Reduced to US$350/MT FOB from US$600/MT FOB

[DGFT Notification No. 46 dated 16^th May 2011]

Subject: Minimum Export Price of Bangalore Rose Onions and Krishnapuram 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$ 600 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2(b) of Notification No 36(RE – 2010)/2009-2014 dated 23.03.2011 for the item described at Serial Number 44.02 is replaced by the phrase “Minimum Export Price (MEP) of US$ 350 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 Bangalore Rose Onions and Krishnapuram onions will be US$ 350 per Metric Ton F.O.B. It was US$ 600 per Metric Ton as notified on 23.03.2011.