DGFT imposes Minimum Export Price of $800 per Tonne on Onions till December 31 [Read Notification]

The Directorate General of Foreign Trade (DGFT), vide notification no. 42/2023 has notified the imposition of minimum export price of $800 F.O.B per Metric Ton (MT) on export of onions till December 31st 2023. The Notification came into effect from 29th October, 2023.

In accordance with the authority granted by Section 3 in conjunction with section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as modified, and in accordance with Paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023, the Central Government hereby makes alterations to the Onion Export Policy as outlined under S.No.51 of Chapter 07 in Schedule 2 of the ITC (HS) Export Policy, as follows:

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

1. 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 up to 30th November, 2023.
2. Export duty has been paid before the issuance of this Notification. Such export duty is non- refundable.

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