Provisions for allocation of TRQ for Import of Crude Sunflower oil for FY 2022-23 and 2023-24
The DGFT vide Public Notice No. 10/2015-20 dated May 24, 2022 has notified provisions for allocation of Tariff Rate Quota (“TRQ”) for Import of 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTS of Crude Sunflower oil for FY 2022-23 and 2023-24.
In exercise of the powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby notifies the provisions for import of Crude Soyabean Oil and Crude Sunflower Seed Oil under Tariff Rate Quota (TRQ) by amending para 2.60 and 2.61 of the Handbook of Procedures as follows :
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 May 24, 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 |
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 FY 2022-23 with effect from May 27, 2022 and not later than June 18, 2022 as follows :-
i. Applications where the date of issuance of their Importer-Exporter Code (IEC) is on or after the date of this Public Notice shall not be considered.
ii. The applications shall be considered on Actual User basis to processors/refiners only based upon their own processing capacity.
iii. For each processing unit, applicants shall provide a self-certified copy of documentary proof issued by Central/State Authorities, indicating its processing capacity. The certificate should be dated prior to issue of this Public Notice. The process capacity for Crude Sunflower Oil or Crude Soya Oil should be clearly mentioned in the said certificates.
iv Applicants shall also provide a valid FSSAI License for the said categories.
v. Only one application against one IEC shall be considered.
vi. The TRQs shall be valid for 1 year from the date of Issuance.
Applications for allocation during FY 2023-24 shall be invited separately at subsequent dates.
The TRQ for each eligible applicant shall be notified as per the decision of the EXIM Facilitation Committee under para 2.51 of the HBP 2015-20. The EFC, while examining the applications, will take into considerations; inter alia, the monthly/annual processing capacity of the applicant. DGFT reserves the right to make any changes in the allocation at any point of time, as deemed fit.
Effect of Public Notice: Provisions for allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTS of Crude Sunflower oil for FY 2022-23 and 2023-24 has been notified.
The Public Notice can be accessed at - https://content.dgft.gov.in/Website/dgftprod/70943e20-840e-4eda-bc4f-19bd94b297b5/Public%20Notice%2010%20-%20TRQ%20Crude%20Soya_Sunflower%20Oil%2024May2022.pdf
