Minimum Export Price requirement for onion exports now mandates Letter of Credit payment and restricts shipments until further orders. Exports of specified onion items in Chapter 7 of Schedule 2 of the ITC (HS) classification are permitted only against a Letter of Credit and subject to a Minimum Export Price of US$ 850 F.O.B. per metric ton until further orders, pursuant to an amendment of paragraph 2 of Notification No. 48/2015-20 under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy.
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Provisions expressly mentioned in the judgment/order text.
Minimum Export Price requirement for onion exports now mandates Letter of Credit payment and restricts shipments until further orders.
Exports of specified onion items in Chapter 7 of Schedule 2 of the ITC (HS) classification are permitted only against a Letter of Credit and subject to a Minimum Export Price of US$ 850 F.O.B. per metric ton until further orders, pursuant to an amendment of paragraph 2 of Notification No. 48/2015-20 under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy.
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