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Minimum Export Price for onions adjusted to a new FOB threshold, altering permitted export pricing and regulatory compliance. The Central Government, under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Para 2.1 of the Foreign Trade Policy 2009-2014, sets the Minimum Export Price (MEP) for onions other than Bangalore Rose and Krishnapuram onions at US$ 275 per metric ton F.O.B., replacing the previously notified MEP, with immediate effect; the amendment substitutes the pricing clause in earlier notifications and allows further change as notified by the Director General of Foreign Trade.
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Minimum Export Price for onions adjusted to a new FOB threshold, altering permitted export pricing and regulatory compliance.
The Central Government, under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Para 2.1 of the Foreign Trade Policy 2009-2014, sets the Minimum Export Price (MEP) for onions other than Bangalore Rose and Krishnapuram onions at US$ 275 per metric ton F.O.B., replacing the previously notified MEP, with immediate effect; the amendment substitutes the pricing clause in earlier notifications and allows further change as notified by the Director General of Foreign Trade.
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