Business Standard

Centre imposes 40% duty on export of onions with effect from May 4

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

Photo: Bloomberg

In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023. Photo: Bloomberg

Press Trust of India New Delhi

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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.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 03 2024 | 11:35 PM IST

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