DGFT; ‘Free’ Onion Exports with $800 Minimum Export Price till December 31, 2023

NEW DELHI : The DGFT vide Notification No. 42/2023 dated October 28, 2023, has declared that onion exports are ‘Free,’ with a Minimum Export Price (MEP) of US $800 F.O.B per Metric Ton (MT) imposed until December 31, 2023.

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 October 29, 2023.

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

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 November 30, 2023.

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’. The minimum Export Price (MEP) of US $ 800 F.O.B per Metric Ton (MT) is imposed till December 31, 2023.