Indian Press Connect
Buisness

Price Increase: 40% Duty Placed Until December 31 On Onion Exports To Enhance Supply In Domestic Markets

<p>With immediate effect, the federal government has added a 40% export tax on onions. The deadline for this export tax is December 31, 2023. The export tax was announced in the midst of forecasts predicting an increase in onion prices in September.</p>
<p><img decoding=”async” class=”alignnone wp-image-136423″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-price-increase-40-duty-placed-until-december-31-on-onion-exports-to-enhance-supply-in-domestic-markets-download-94.jpg” alt=”theindiaprint.com price increase 40 duty placed until december 31 on onion exports to enhance supply in domestic markets download 94″ width=”1503″ height=”834″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-price-increase-40-duty-placed-until-december-31-on-onion-exports-to-enhance-supply-in-domestic-markets-download-94.jpg 301w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-price-increase-40-duty-placed-until-december-31-on-onion-exports-to-enhance-supply-in-domestic-markets-download-94-150×83.jpg 150w” sizes=”(max-width: 1503px) 100vw, 1503px” title=”Price Increase: 40% Duty Placed Until December 31 On Onion Exports To Enhance Supply In Domestic Markets 3″><br />
The government has implemented a 40% export tariff on onions with immediate effect till December 31, 2023, the finance ministry said in a statement.</p>

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