The Directorate General of Foreign Trade (DGFT) on October 28, 2023, issued an amendment in the Export Policy related to Onions.
The following amendment has been stated:
• It states that a Minimum Export Price (MEP) of US $ 800 F.O.B. per Metric Ton (MT) will be applicable till December 31, 2023.”
• The following consignments of onions will be allowed to be exported without Minimum Export Price (MEP):
I. Where the onions consignment has been handed over to the Customs before this Notification and is registered in their system / where the 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 up to November 30, 2023.
II. Export duty has been paid before the issuance of this Notification. Such export duty is non- refundable.
This notification will come into force from October 29, 2023.
[Notification No 42/2023]
