Tariff rate quota allocation for sugar exports: highest FOB bids win, BG and reporting required before shipment. APEDA will allocate TRQ quota for export of raw sugar to the USA by issuing Registration-cum-Allocation-Certificates (RCAC) after sealed applications; allocations are awarded by highest FOB price in USD per MT, with identical prices allocated pro rata. Applications must include a performance bank guarantee equal to 5% of the FOB value in Indian Rupees and processing charges per MT. RCACs run for 90 days with one 30-day extension possible; exporters must submit export details within 15 days of RCAC expiry and non-shipment may lead to invocation of the bank guarantee and reallocation of surrendered quantities.
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Tariff rate quota allocation for sugar exports: highest FOB bids win, BG and reporting required before shipment.
APEDA will allocate TRQ quota for export of raw sugar to the USA by issuing Registration-cum-Allocation-Certificates (RCAC) after sealed applications; allocations are awarded by highest FOB price in USD per MT, with identical prices allocated pro rata. Applications must include a performance bank guarantee equal to 5% of the FOB value in Indian Rupees and processing charges per MT. RCACs run for 90 days with one 30-day extension possible; exporters must submit export details within 15 days of RCAC expiry and non-shipment may lead to invocation of the bank guarantee and reallocation of surrendered quantities.
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