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Date: 06-May-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in the Export policy of Onions

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The notification amends the export policy of onions, changing it from 'prohibited' to 'free' but subject to a minimum export price (MEP).

Key Changes

  • The export policy for onions under HS code 0703 10 19 has been revised.
  • Previously, the export of onions was prohibited.
  • The revised policy allows free export of onions.
  • A minimum export price (MEP) of USD 550 per metric ton (MT) has been imposed.
  • The notification is effective immediately.

Impact Analysis

Exporters

  • Action: Exporters should assess the impact of the MEP on their target markets and adjust pricing strategies accordingly.

Farmers

  • Action: Farmers should stay informed about export demand and pricing trends to make informed planting and harvesting decisions.

Consumers (International)

  • Action: Monitor onion prices and availability in relevant international markets.

Government

  • Action: Continuously assess and refine the onion export policy based on market dynamics and stakeholder feedback.

Key Entities Referenced

Central Government: The entity issuing the notification and responsible for amending the export policy of onions. Directorate General of Foreign Trade (DGFT): The department within the Ministry of Commerce and Industry responsible for implementing and enforcing the foreign trade policy. Foreign Trade (Development & Regulation) Act, 1992: The legislation that empowers the Central Government to regulate foreign trade. Foreign Trade Policy, 2023: The overarching policy framework guiding India's foreign trade. ITC (HS) Export Policy: The Indian Trade Classification (Harmonized System) which categorizes goods for import and export purposes. Schedule 2 pertains to export policies.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06052024-254051 CG-DxLx-xEG-I0D6H0x5x2x0 24-254051 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1813] नई दिल्ली, सोमवार , मई 6, 2024/विै ाख 16, 1946 No. 1813] NEW DELHI, MONDAY, MAY 6, 2024/VAISAKHA 16, 1946 ubZ fnYyh] 4 ebZ] 2024 का.आ. 1906(अ).—fon's k O;kikj uhfr] 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr ;Fkk la'kkfs/kr fon's k O;kikj ¼fodkl ,o a fofu;eu½ vf/kfu;e] 1992 ¼1992 dh la[;k 22½ dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk 'kfDr;kas dk Ikz;ksx djr s gq,] dsUnz ljdkj ,rn~}kjk vkbZVhlh ¼,p,l½ fu;kZr uhfr dh vuqlwph 2 ds v/;k; 07 esa I;kt dh fu;kZr uhfr dk s fuEukuqlkj la'kksf/kr djrh gSA Ikz'kqYd en en ekStwnk fu;kZr Ukhfrxr 'krZ La'kksf/kr fu;kZr La'kksf/kr uhfrxr 'krZ ,p,l dksM fooj.k uhfr uhfr 0703 10 19 I;kt fuf"k) 'kwU; eqDr 550 izfr ehfVªd Vu ¼eh-V-½ vesfjdh MkWyj dh U;wure fu;kZr dher ¼,ebZih½ ds v/khu gSA 2- ;g vf/klwpuk rRdky izHkko ls ykxw gkxs hA 2890 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3- [Qk- la- 01@91@191@060@,,e&24@bZlh@bZ&38291] lark"sk dqekj lkjxa h] egkfuns'kd fons'k O;kikj insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 4th May, 2024 No. 10/2024-25 Subject: - Amendment in the Export policy of Onions. S.O. 1906 (E).—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 in Chapter 07 of Schedule 2 of the ITC (HS) Export Policy, as under:- Tariff item Item description Existing Export Policy Revised Export Revised Policy Conditions HS Code Policy condition Policy 07031019 Onions Prohibited Nil Free Export is subject to a Minimum Export Price (MEP) of USD 550 per Metric Ton (MT) 2. The Notification will come into immediate effect. 3. Effect of this Notification: The export policy of Onions is amended from ‘prohibited’ to ‘free" subject to MEP of USD 550 per Metric Ton (MT) with immediate effect and until further orders. [F. No. 01/91/191/060/AM-24/EC/e-38291] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-Officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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