Allocation of Tariff Rate Quota for Import of Crude Soya bean Oil and Crude Sunflower Oil

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....dures as follows : 1. The following provision is inserted as para 2.60(b) of the Hand book of procedures: Tariff Rate Quota (TRQ) Imports shall be allocated during financial years 2022-23 and 2023-24, up to quantities per year as indicated below. The duty exemption under the said TRQs may be availed as per Ministry of Finance (Department of Revenue) Notification No. 30/2022-customs dated 24.05.2022. Item Description ITC( HS) TRQ per Year (in MT) Crude Soya-bean oil, whether or not degummed 1507 10 00 20,00,000 Crude Sunflower seed oil 1512 11 10 20,00,000 2. The following provision is inserted as para 2.61 (d) of the Hand book of procedures: DGFT invites fresh applications for allocation of said Tariff Rate Quotas(TRQ) during F....

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....31st March, 2024 x. Import consignments landing at Indian Ports after the date of issuance of TRQ licence shall only be considered for clearance under TRQ. Any quantities lying at the Indian ports (under warehousing etc) before the date of issuance of the TRQ license shall not be considered for import clearance under TRQ. xi. The un-utilized quantities i.e., quantities not imported by the TRQ Licencees by the end of the current import period, shall be deducted from their proposed allocations (in case allocation is considered) during the next TRQ period, i.e., 2023-24.] 3[xii. All TRQ allottees who are yet to effect imports under TRQ allocated shall provide details of imports planned under TRQ. Information and proof of aforesaid purcha....