The Central Board of Indirect Taxes and Customs (CBIC) has imposed a 40% customs duty on onions exports from India. This move comes in the light of rising local prices of the vegetable.
This tax being imposed in “public interest”, will be in place till December 31, 2023.
“The export duty will make Indian onions more expensive than those from Pakistan, China, and Egypt. This will naturally lead to lower exports and aid in reducing local prices,” Ajit Shah, an exporter based in Mumbai said.