Onion export made almost impossible.
Onions are being sold at Rs. 30 a Kg and sure to bring tears into the eyes of politicians, especially with the sword of elections hanging by a hair over their heads!
At present export of onions, is allowed only through NAFED and certain other State Trading Organisations. DDT had reported on 3.10.2007 that NAFED had decided not to issue 'No Objection Certificates' till 15th October 2007.
Yesterday was 15th October and what now? Maybe DGFT wanted some time to amend the Policy. Anyway DGFT has acted on time. Yesterday it issued a notification amending the Schedule 2 of ITC (HS) Classifications of Export and Import Items.
Now Onions can be exported only through designated canalizing agencies subject to conditions laid down by DGFT from time to time. Maybe by the time the DGFT lays down the conditions, onion prices will stabilize!
DGFT NOTIFICATION NO. 37 (RE - 2007)/2004-2009 Dated: October 15,2007