Home India Ministry of Commerce and Industry Amendment in Para 2 60 of Handbook of Procedure 2015 2020...
Date: 2020-12-16 Category: Extra Ordinary State: Union Government Country: India

Amendment in Para 2 60 of Handbook of Procedure 2015 2020

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Summary:** This Public Notice No. 32/2015-2020, issued by the Directorate General of Foreign Trade (DGFT) on December 16, 2020, announces an amendment to Para 2.60 of the Handbook of Procedure, 2015-2020, concerning the procedure for imports under the Tariff Rate Quota (TRQ) Scheme. The amendment, enacted under the authority granted by Paragraph 1.03 read with Paragraph 2.04 of the Foreign Trade Policy, 2015-2020, replaces the existing Para 2.60 with an updated version. The revised para specifies that imports under the TRQ Scheme are governed by Customs Notification No. 28/2020-Customs, dated June 23, 2020, issued by the Department of Revenue, Ministry of Finance, Government of India, as amended periodically. The effect of this public notice is to align the Handbook of Procedure with the latest customs regulations pertaining to imports under the Tariff Rate Quota Scheme. The updated Para 2.60 reflects the most current guidelines issued by the Customs Department. The Director General of Foreign Trade, Amit Yadav, in his capacity as Ex-officio Additional Secretary, approved this notice.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A trade policy document under which the Director General of Foreign Trade exercises powers. Directorate General of Foreign Trade: The organization responsible for foreign trade, issuing the public notice. Tariff Rate Quota Scheme: A scheme related to import procedures that is the subject of the public notice. Handbook of Procedure, 2015-2020: A procedural document being amended by the public notice, specifically paragraph 2.60. Department of Revenue, Ministry of Finance: The government department responsible for customs notifications. Customs Notification No. 28/2020-Customs: A customs notification dated 23.06.2020 governing imports under the Tariff Rate Quota Scheme. Amit Yadav: Director General of Foreign Trade and Ex-officio Additional Secretary. New Delhi, Delhi: Location of publication of the public notice.
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