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of <h1>New Tariff Rate Quota System: Importers Need Electronic TRQ Licenses for Concessional Customs Duty Rates on Select Goods.</h1> The public notice outlines the implementation of the Tariff Rate Quota (TRQ) system for certain imported goods, allowing concessional rates for Basic Customs Duty (BCD) under specified conditions. Importers must obtain TRQ licenses electronically from the Directorate General of Foreign Trade (DGFT), which will be registered at the designated port. During import, TRQ license details must be provided in the Bill of Entry to claim duty benefits. If license details are missing or quotas are exhausted, standard tariff rates apply. Customs officers are advised to carefully scrutinize duty calculations during initial implementation. Difficulties should be reported to the relevant customs authority.
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