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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Ministry of Commerce and Industry <br /><br /> Clarification regarding export policy of onions- Removal of Minimum Export Price (MEP) and Letter of Credit (LC)<br /><br /> MANU/DGFT/0028/2018 - (26 Feb 2018)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>DGFT has received representations from exporters of onions stating that Customs is not allowing export of onions without LC(Letter of Credit) despite DGFT Notification No. 48/2015-20 dated 02.02.2018 removing MEP and LC on export of onions. <br><br> 2. The matter has been examined and it is informed that the DGFT vide the aforementioned Notification dated 02.02.2018 had substituted Para 2 of its earlier Notification No. 39 dated 23.11.2017, which provides that "export of all varieties of onions will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B. per Metric Ton till 31.12.2017", which was further extended upto 20.02.2018 with revised MEP of USD 700 PMT. <br><br> 3. Since Para 2 of the Notification No. 39 dated 23.11.2017 has been substituted vide Notification No. 48/2015-20 dated 02.02.2018, the requirement of MEP and LC, both stands removed till further orders. <br><br> 4. In view of the above, it is clarified that export of all varieties of onions are permitted for export without any MEP or LC w.e.f. 02.02.2018 till further orders. <br><br> 5. This issues with the approval of competent authority.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : Clarification, Export policy, Onions</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>