Import Period for Crude Sunflower Seed Oil TRQ Cut by Three Months to
31 March 2023
·
Only
BLs Issued till 31.03.2023 will be Honoured
·
No
More TRQ for coming year 2023-24
·
No
Carry Forward to 2023-24 of Unutilised TRQ
·
Sudden
Announcement less than one month before year end creates uncertainty
[DGFT Public Notice No. 60/2015-20 dated 1
March, 2023]
Effect of Public Notice:
Last date of Import of Crude Sunflower Seed Oil (ITC(HS) 15121110) under TRQ
has been revised to 31.03.2023. Further, no TRQs shall be allocated for import
of Crude Sunflower Seed Oil in Financial Year 2023-24.
Subject: Discontinuation of Tariff Rate
Quota for Import of Crude Sunflower Seed Oil w.e.f. 01.04.2023.
In
exercise of the powers conferred under Para 1.03 and 2.04 of the Foreign Trade
Policy 2015-2020, the Director General of Foreign Trade hereby revises the
provisions relating to Tariff Rate Quota (TRQ) for import of Crude Sunflower
Seed Oil by amending Para 2.60 and 2.61 of the Handbook of Procedures as
notified earlier vide Public Notice 10/2015-20 dated 24.05.2022, Public Notice
15/2015-20 dated 14.06.2022 and Public Notice 50/2015-20 dated 11.01.2023, as
follows:
|
Para |
Existing
Provision |
Revised
Provision |
|||||||||||||||||||||
|
2.60
(b) |
Tariff
Rate Quota (TRQ) Imports for items as indicated as follows, shall be allocated
during financial year 2022-23 only.
Tariff Rate Quota (TRQ) Imports
for items as indicated as follows, shall be allocated during financial years
2022-23 and 2023-24.
The
duty exemption under the said TRQs may be availed as per Ministry of Finance
(Department of Revenue) Notification No. 30/2022-Customs dated 24.05.2022. |
Tariff
Rate Quota (TRQ) Imports for items as indicated as follows, shall be allocated
during financial year 2022-23 only.
The
duty exemption under the said TRQs may be availed as per Ministry of Finance
(Department of Revenue) Notification No. 30/2022- Customs dated 24.05.2022. |
|||||||||||||||||||||
|
2.61(d)(ix) |
The
validity of TRQs issued during FY 2022-23 for import of Crude Soya-bean oil,
w/n degummed under ITC (HS) 15071000 is revised to 31.03.2023. Bill of Lading
dated on or before 31.03.2023 shall be allowed for imports under Crude Soya-bean
oil TRQs till 30.06.2023. TRQs
issued during FY 2022-23 for import of Crude Sunflower seed Oil under ITC(HS)
15121110 shall be valid for clearance of import for a period of one year
or till 30.06.2023, whichever is earlier. TRQs issued for FY 2023-24
shall be valid for clearance of imports till 31.03.2024. |
The
validity of TRQs issued during FY 2022-23 for import of Crude Soya- bean oil,
w/n degummed under ITC (HS) 15071000 is revised to 31.03.2023. Bill of Lading
dated on or before 31.03.2023 shall be allowed for imports under Crude
Soya-bean oil TRQs till 30.06.2023. The
validity of TRQs issued during FY 2022-23 for import of Crude Sunflower Seed
Oil, under ITC (HS) 15121110 is revised to 31.03.2023. Bill of Lading dated
on or before 31.03.2023 shall be allowed for imports under Crude Sunflower
Seed Oil TRQs till 30.06.2023. |
|||||||||||||||||||||
|
2.61(d)(xi) |
The
un-utilized quantities i.e., quantities not imported by the TRQ Licencees by the end of the current import period, shall be
deducted from their proposed allocations (in case allocation is considered)
during the next TRQ period, i.e., 2023-24. |
-Deleted- |
[Issued from File No. 01/89/180/36/AM-14/PC-2[A]/Part-II/E-
32035]