Minimum Export Price requirement for onion exports now enforced with Letter of Credit obligation for specified ITC(HS) items. The Department of Commerce amended the Foreign Trade Policy to require that export of onions at Serial Numbers 51 & 52 of Chapter 7 of Schedule 2 of the ITC (HS) classification be permitted only on Letter of Credit and be subject to a Minimum Export Price (MEP) at a specified F.O.B. rate per metric ton, to operate until further orders; the notification records that exports of the described varieties will be subject to that MEP.
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Minimum Export Price requirement for onion exports now enforced with Letter of Credit obligation for specified ITC(HS) items.
The Department of Commerce amended the Foreign Trade Policy to require that export of onions at Serial Numbers 51 & 52 of Chapter 7 of Schedule 2 of the ITC (HS) classification be permitted only on Letter of Credit and be subject to a Minimum Export Price (MEP) at a specified F.O.B. rate per metric ton, to operate until further orders; the notification records that exports of the described varieties will be subject to that MEP.
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