In a significant development, the Indian government has imposed a ban on onion exports, effective until March 2024, with a notification issued by the Director General of Foreign Trade (DGFT) on Thursday. This move entails a crucial shift in the export policy for onions, transitioning it from a ‘Free’ status to ‘Prohibited.’
The ban, which took effect on Friday, is accompanied by specific conditions that permit onion exports only under certain circumstances:
- Loading Commenced Before Notification: Consignments in which the loading of onions onto the ship has already commenced before the issuance of the notification.
- Shipping Bill Filed and Vessels Berthed: Consignments for which the shipping bill is filed, vessels have berthed or arrived, and are anchored in Indian ports for loading onions, with the rotation number allocated before the notification.
- Consignment Handed Over to Customs Before Notification: Consignments where onions have been handed over to Customs or entered the Customs Station for exportation before the notification. This requires registration in the electronic systems of the relevant Custodian of the Customs Station, supported by verifiable evidence of the date and time stamping.
The notification specifies that the period for export under these conditions is permissible until January 5, 2024. This strategic measure aims to regulate and control onion exports during the designated timeframe, reflecting the government’s commitment to managing the availability of this essential commodity in the market.