Gold Import Procedures for Application for TRQ under Tariff Head
7108 under lndia-UAE CEPA for FY 2023-24
[DGFT Public Notice No.12/2023
dated 28 April, 2023]
Effect
of this Public Notice: New applications for TRQ
for imports under tariff head 7108 under India-UAE CEPA for FY 2023-24 are
invited from the date of this Public Notice up to 7th May 2023.
Subject: New TRQ Applications
under tariff head 7108 under lndia-UAE CEPA for FY 2023-24.
In exercise
of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023
and in continuation to Public Notice No. 06/2015-20 dated 01.05.2022, 23/2015-20
dated 29.08.2022, 28/2015-20 dated 06.10.2022, 32/2015-20 dated 22.10.2022, 47/2015-20
dated 29.12.2022and 06/2023 dated 17.04.2023, the Directorate General of Foreign
Trade hereby amends the procedures for application for TRQ under tariff head 7108
under lndia-UAE CEPA for FY 2023-24 as under:
1. New
applications for TRQ under tariff head 7108 for FY 2023-24 are invited from the
date of this Public Notice and up to 7th May 2023.
2. Applications
for TRQ under India-UAE CEPA for the tariff head 7108 for FY 2023-24 are invited
online through the DGFT website (https:l/dgft.gov.in) -->
Import Management System-->Tariff Rate Quota (TRQ).
3. All
applications for TRQ under tariff head 7108 for FY 2023-24 shall be considered as
per the guidelines notified vide Public Notice 06/2023 dated 17.04.2023. New applications
that may be received pursuant to this Public Notice shall be considered together
with the earlier applications already received for TRQ allocation of a total of
140 MTs under tariff head 7108 for FY 2023-24.
4. The
minimum lot size of allocation shall be 5 kgs ordinarily and, shall be subject to
a downward revision in case the number of eligible applicants is higher. Allocation
shall be made in multiples of the minimum lot size and shall be less than or equal
to the quantity as requested by the applicant.
5. The
said TRQ allocation shall be subject to a 6-monthly review. In cases where the TRQ
utilisation is found to be <= 25% in the said review
process, 50% of the balance TRQ quantities shall be deemed to be considered as surrendered
and shall be considered for re-allocation to other TRQ Allottees.
[Issued from File No. 01/89/180/01/AM-22/PC-2[B]/Part-1/E-35248]