Moneycontrol PRO
HomeNewsEconomyPolicyGovernment imposes 40% export duty on onion effective May 4

Government imposes 40% export duty on onion effective 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.

May 03, 2024 / 22:37 IST
India has also exempted duty on imports of bengal gram up to March 31, 2025, the notification added

India has also exempted duty on imports of bengal gram up to March 31, 2025, the notification added

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

PTI
first published: May 3, 2024 10:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347