Amendments under Para 2.107 and Appendix-2A of Handbook of Procedure 2015-20 for inclusion of TRQs under India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
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Tariff Rate Quotas allocation under India Australia trade deal: new TRQ procedures require export certificates and electronic DGFT authorisations. Amendments add annual Tariff Rate Quotas under Ind Aus ECTA into the Handbook of Procedure, prescribing that Australia allocates TRQs via Export TRQ certificates which must be shared with DGFT; Indian importers apply on the DGFT portal referencing the Export TRQ. DGFT issues electronic TRQ authorisations naming importer, IEC, tariff item, quantity and validity and transmits them to the Customs EDI System. Imports are permitted only upon electronic debiting in ICES, counted by calendar year; DGFT will monitor cumulative issuance, stop issuance when quota is reached, and may amend allocation modalities, subject to the Ministry of Finance customs notification.
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Tariff Rate Quotas allocation under India Australia trade deal: new TRQ procedures require export certificates and electronic DGFT authorisations.
Amendments add annual Tariff Rate Quotas under Ind Aus ECTA into the Handbook of Procedure, prescribing that Australia allocates TRQs via Export TRQ certificates which must be shared with DGFT; Indian importers apply on the DGFT portal referencing the Export TRQ. DGFT issues electronic TRQ authorisations naming importer, IEC, tariff item, quantity and validity and transmits them to the Customs EDI System. Imports are permitted only upon electronic debiting in ICES, counted by calendar year; DGFT will monitor cumulative issuance, stop issuance when quota is reached, and may amend allocation modalities, subject to the Ministry of Finance customs notification.
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