DGFT Notifies Imposition of Minimum Export Price on export of Onions

The Directorate General of Foreign Trade (DGFT) has notified the Imposition of Minimum Export Price on export of Onions till 31st December 2023 via issuing Notification.

The Notification stated:

In exercise of powers conferred by Section 3 read with section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2023, the Central Government hereby amends the Export Policy of Onions under S.No.51 of Chapter 07 of Schedule 2 of the ITC (HS) Export Policy, as under:

The Notification will come into effect from 29th October, 2023.

The following consignments of onions will be allowed to be exported without MEP:

i. Where onions consignment has been handed over to the Customs before this Notification and is registered in their system / where onions consignment has entered the Customs station for exportation before this Notification and is registered in the electronic systems of the concerned Custodian of the Customs Station with verifiable evidence of date and time stamping of these commodities having entered the Customs Station prior to the issuance of this Notification. The period of export shall be upto 30th November, 2023.

ii. Export duty has been paid before the issuance of this Notification. Such export duty is non- refundable.

Effect of this Notification:

Export of onions is ‘Free’. Minimum Export Price (MEP) of US $ 800 F.O.B per Metric Ton (MT) is imposed till 31st December, 2023.

For Official Notification Download PDF Given Below: