ANNOUNCEMENT 07 Sep 2011

In September 2011, the government of India announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Notification No 70 (RE - 2010)/2009-2014
http://dgft.gov.in/Exim/2000/NOT/NOT11/not7010.htm


Inception date: 07 Sep 2011 | Removal date: open ended

Export tax

 On 7 September 2011, the Ministry of Commerce & Industry increased the Minimum Export Price on all onions except Bangalore rose and Krishnapuram onions from USD 300 per metric ton to USD 475 per metric ton and on Bangalore rose and Krishnapuram onions from USD 400 to USD 475 per metric ton.

The export of onions was banned from 9 September 2011, which was withdrawn on 20 September 2011 but the MEP was maintained at USD 475 per metric ton.

AFFECTED SECTORS