<p>New Delhi: The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 (Rs 45,860.02) per tonne.</p><p>The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.</p><p>"The export policy of onions is amended from prohibited to free subject to MEP of $550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.</p>.Govt imposes 40% export duty on onion effective May 4.<p>Last night, the government imposed a 40 per cent duty on the export of onions.</p><p>In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.</p>
<p>New Delhi: The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 (Rs 45,860.02) per tonne.</p><p>The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.</p><p>"The export policy of onions is amended from prohibited to free subject to MEP of $550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.</p>.Govt imposes 40% export duty on onion effective May 4.<p>Last night, the government imposed a 40 per cent duty on the export of onions.</p><p>In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.</p>