Seeks to prescribe concessional Basic customs duty rate on potato imports with the prescribed quota (TRQ) till the 31st January, 2021. - 40/2020 - Customs -Tariff
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Tariff rate quota for potato imports: concessional customs duty with electronic TRQ allocation and ICES debiting. Establishes a tariff rate quota granting a 10% in quota basic customs duty on up to one million metric tonnes of potatoes imported in a financial year, with the duty exemption limited to amounts in excess of duty calculated at that in quota rate. The TRQ is allotted by the Directorate General of Foreign Trade under the Handbook of Procedure 2015 20; authorizations must be issued electronically, transmitted to ICES, and imports under the TRQ allowed only upon electronic debiting. The concession ceased to apply after 31 January 2021 and the notification was later rescinded effective 2 February 2022.
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Provisions expressly mentioned in the judgment/order text.
Tariff rate quota for potato imports: concessional customs duty with electronic TRQ allocation and ICES debiting.
Establishes a tariff rate quota granting a 10% in quota basic customs duty on up to one million metric tonnes of potatoes imported in a financial year, with the duty exemption limited to amounts in excess of duty calculated at that in quota rate. The TRQ is allotted by the Directorate General of Foreign Trade under the Handbook of Procedure 2015 20; authorizations must be issued electronically, transmitted to ICES, and imports under the TRQ allowed only upon electronic debiting. The concession ceased to apply after 31 January 2021 and the notification was later rescinded effective 2 February 2022.
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