Seeks to amend Notification No.12/2012-Customs, dated the 17th March, 2012, so as to allow duty free import of raw sugar upto a quantity of 5 lakh MT under Tariff Rate Quota (TRQ) upto and inclusive of 12th June 2017 - 12/2017 - Customs -Tariff
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Tariff Rate Quota allows duty-free import of raw sugar subject to TRQ allocation certificate and procedural conditions. Inserts serial 78A to permit nil basic customs duty on raw sugar (Tariff Item 1701) up to an aggregate of five lakh metric tonnes under a Tariff Rate Quota; adds proviso language regarding the dates of application; and adds Annexure condition 3D requiring that the nil duty apply only where the importer holds a Tariff Rate Quota Allocation Certificate or license issued under the allocation procedure to be specified by the relevant trade authority.
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Tariff Rate Quota allows duty-free import of raw sugar subject to TRQ allocation certificate and procedural conditions.
Inserts serial 78A to permit nil basic customs duty on raw sugar (Tariff Item 1701) up to an aggregate of five lakh metric tonnes under a Tariff Rate Quota; adds proviso language regarding the dates of application; and adds Annexure condition 3D requiring that the nil duty apply only where the importer holds a Tariff Rate Quota Allocation Certificate or license issued under the allocation procedure to be specified by the relevant trade authority.
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