Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2024: New Customs Amendment Requires TRQ Authorization for 2022-23; Conditions Apply to Unused Quotas</h1> The Second Schedule of the Finance (No. 2) Bill, 2024, amends a customs notification (G.S.R. number 356(E), dated 10th May, 2023) with new conditions for the period from 1st April, 2023 to 10th May, 2023. The amendment requires importers to present a valid Tariff Rate Quota (TRQ) authorization for the 2022-23 financial year. Benefits under this TRQ are limited to unused quotas not claimed under previous notifications. Additionally, the bill of lading must be issued by 31st March, 2023, and the TRQ must follow specified procedures and include detailed importer information.