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Notification No.   45 /2015-2020 New Delhi, Dated:    19th January 2018  Subject:-  Export Policy of Onions- Imposition  of Minimum  Export Price (MEP)  S.0. (E)         In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act,  1992 (No. 22 of 1992), as amended, read with Para l.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes amendment, with immediate effect, by substituting  Para 2 of Notification  No. 39  I 2015-20  dated 23.11.2017  read with  Notification No. 43/2015-2020 dated 29.12.2017 relating to export of onion; as under :  "Export  of onion for the item  description  at Serial Number  51  &  52  of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items  shall  be permitted  only on Letter of Credit  (LC)  subject  to  a Minimum   Export  Price  (MEP)  of US$ 700 F.O.B. per Metric Ton till 20.02.2018"  2.         Effect of this Notification:  Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price  (MEP) of US$ 700  F.O.B. per Metric Ton  (instead  of  US$  850  F.O.B.  per  Metric  Ton)  with   immediate   effect   and  till 20.02.2018.