India Imposes 40% Onion Export Duty, Effective May 4
May 03, 2024 22:22
India has imposed a 40% export duty on onions, effective May 4, 2023. The government also exempted duty on the import of desi chana and extended the exemption on yellow peas imports.
Photograph: Amit Dave/Reuters
New Delhi, May 3 (PTI) The government on Friday imposed a 40 per cent duty on export of onions.
It also exempted duty on the import of desi chana till March 31, 2025.
Besides, it has extended the duty exemption on imports of yellow peas covered by the bill of entry issued on or before October 31, 2024.
In a notification, the finance ministry said the changes would be effective from May 4.
Currently, the export of onion is banned. However, the government allows shipments to India's friendly nations. It has permitted a specified quantity of onion exports to UAE and Bangladesh.
In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.
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