Potato Import Opened with 10
lakh MT quota at 10% Duty
[Notification No.
40/2020-Customs dated 28 October 2020]
Seeks to prescribe concessional Basic customs duty rate on potato
imports with the prescribed quota (TRQ) till the 31st January, 2021.
G.S.R……. (E).- In exercise of the powers conferred by
sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the
Central Government, on being satisfied that it is necessary in the public
interest so to do, hereby exempts the goods of the description specified in
column (3) of the Table below, and falling within the sub-heading or tariff
item of the First Schedule to the said Customs Tariff Act, 1975, as are
specified in the corresponding entry in column (2) of the said Table in such
quantity of total imports of such goods in a financial year, as specified in
column (4) below (herein after referred to as the ‘tariff rate quota (TRQ)
quantity’), when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in
excess of the amount calculated at the rate specified in the corresponding
entry in column (5) of the said Table (herein after referred to as the In-quota
tariff rate), subject to any of the conditions, specified in the Annexure to
this notification, the condition number of which is mentioned in the
corresponding entry in column (6) of the said Table, namely: -
|
Table |
|||||
|
S.No. |
Sub–heading or tariff item |
Description of goods |
Tariff rate quota quantity |
In-quota tariff rate |
Condition No. |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
1. |
0701 |
Potatoes |
10,00,000 MT |
10% |
1 |
|
Annexure |
|
|
Condition No. |
Condition |
|
1. |
(a)
The TRQ is allotted to the importer by the Directorate General of Foreign
Trade, in accordance with the relevant procedure as specified in the Hand
Book of Procedure 2015-20. |
|
|
(b)
The TRQ authorization shall contain name and address of the importer, IEC
code, Customs notification No., sub-heading or tariff item as applicable,
quantity and validity period of certificate. |
|
|
(c)
The TRQ authorization shall be issued electronically by the Directorate
General of Foreign Trade and transmitted to ICES system. |
|
|
(d)
Imports made against the TRQ shall be allowed only upon debiting
electronically in the ICES system. |
Provided that nothing contained in this notification
shall apply to the goods specified against serial number 1 of the said Table
after the 31st day of January 2021.
[F.
No. 354/105/2014-TRU]