Govt imposes 40 percent export duty on onion till December
New Delhi: To stop price increases and improve supplies on the domestic market, the government on Saturday placed a 40% levy on the export of onions.
Through a notification, the Finance Ministry imposed a 40% export duty on onions through December 31, 2023.
The export duty was announced in the midst of reports predicting an increase in onion prices in September.
In order improve availability, the government had declared that it will release 3 lakh tonnes of onions from its buffer stock.
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