seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar[1701] upto a quantity of 3 lakh MT from 50% to 25% subject to the Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by DGFT - 74/2017 - Customs -Tariff
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Basic Customs Duty reduction on raw sugar subject to Tariff Rate Quota certificate and strict import and conversion timelines. The amendment inserts a new entry for raw sugar (HS 1701) providing a reduced Basic Customs Duty for imports covered by a Tariff Rate Quota Allocation Certificate or license, subject to an aggregate quantitative ceiling, completion of physical import within sixty days of certificate or license issuance, and mandatory conversion to white/refined sugar within thirty days from bill of entry filing or entry inwards, whichever is later.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Basic Customs Duty reduction on raw sugar subject to Tariff Rate Quota certificate and strict import and conversion timelines.
The amendment inserts a new entry for raw sugar (HS 1701) providing a reduced Basic Customs Duty for imports covered by a Tariff Rate Quota Allocation Certificate or license, subject to an aggregate quantitative ceiling, completion of physical import within sixty days of certificate or license issuance, and mandatory conversion to white/refined sugar within thirty days from bill of entry filing or entry inwards, whichever is later.
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