The notification amends the export policy of onions under Chapter 07 of Schedule 2 of the ITC (HS) Export Policy.
It reimposes a Minimum Export Price (MEP) on onions.
Key Changes
A Minimum Export Price (MEP) of US $800 F.O.B. per Metric Ton (MT) is imposed on onion exports until December 31, 2023.
The export of onions is 'Free' but subject to the specified MEP.
Notification No. 42/2023 dated 28/10/2023 [S.O. 4719(E)] is superseded.
Consignments of onions handed over to customs before October 29, 2023, and registered in their system or having entered the Customs station for exportation before the notification and registered in the electronic systems of the concerned Custodian of the Customs Station with verifiable evidence prior to 29th October 2023, are allowed to be exported without MEP until November 30, 2023.
Exports for which export duty has been paid before the issuance of this notification are permitted without MEP, and such export duty is non-refundable.
Impact Analysis
Exporters
Action Item: Review existing export contracts and adjust pricing to comply with the MEP. Ensure proper documentation for consignments that qualify for exemption from MEP.
Farmers
Action Item: Monitor market prices and adjust planting strategies accordingly. Explore opportunities for value-added processing to mitigate price volatility.
Consumers (International)
Action Item: Be prepared for potential price increases in the international market. Consider diversifying onion sourcing to mitigate price risks.
Customs Authorities
Action Item: Implement procedures to verify compliance with the MEP and track exempted consignments. Ensure electronic systems are updated to reflect the new regulations.
Government
Action Item: Continuously assess the impact of the MEP on the onion market and adjust policies as needed. Engage with stakeholders to address concerns and ensure policy effectiveness.
Key Entities Referenced
Central Government: The issuer of the notification, responsible for amending the export policy of onions.
Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and enforcing the foreign trade policy.
Foreign Trade (Development & Regulation) Act, 1992: The legal framework under which the notification is issued, granting powers to the Central Government to regulate foreign trade.
Foreign Trade Policy, 2023: The overarching policy framework guiding India's foreign trade, referenced in the notification.
ITC (HS) Export Policy: The classification system used for export policies, with Chapter 07 specifically covering vegetables, including onions.
Customs Authorities: Responsible for overseeing and regulating the export of goods, including onions, and ensuring compliance with relevant policies and regulations.
Notification No. 42/2023 dated 28/10/2023 [S.O. 4719(E)]: The notification that is being superseded by this new notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-23112023-250227
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CG-DLxx-xEG-I2D3E1x1x2x0 23-250227
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
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No. 4822] NEW DELHI, THURSDAY, NOVEMBER 23, 2023/AGRAHAYANA 2, 1945
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7320 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 23rd November, 2023
No. 45/2023
Subject: - Imposition of Minimum Export Price on export of Onions.
S.O. 5031(E).—In supersession of Notification No.42/2023 dated 28/10/2023 [S.O. 4719(E)] and 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 Unit Item description Export Policy condition
HS Code Policy
0703 10 19 KG Onions: Free Subject to a Minimum Export Price (MEP) of US $ 800 F.O.B.
per Metric Ton (MT), till 31st December, 2023.”
2. The Notification will come into immediate effect.
3. The following consignments of onions will be allowed to be exported without MEP:
i. Where onions consignment has been handed over to the Customs before 29th October, 2023 (the date from which
the Notification No.42/2023 dated 28/10/2023 [S.O. 4719(E)] came into effect) and is registered in their system /
where onions consignment has entered the Customs station for exportation before this Notification and is registered
in the electronic systems of the concerned Custodian of the Customs Station with verifiable evidence of date and
time stamping of these commodities having entered the Customs Station prior to 29th October, 2023 (the date from
which the Notification No.42/2023 dated 28/10/2023 [S.O. 4719(E)] came into effect). The period of export shall be
upto 30th November, 2023.
ii. Export duty has been paid before the issuance of this Notification. Such export duty is non - refundable.
4. Effect of this Notification:
Export of onions is ‘Free’. Minimum Export Price (MEP) of US $ 800 F.O.B per Metric Ton (MT) is imposed till
31st December, 2023. Notification No.42/2023 dated 28/10/2023 [S.O. 4719(E)] is superseded.
[F. No. 01/91/171/50/Misc/AM21/e-26586]
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.