Amendment of Last date of Application as mentioned under Public Notice 06/2015 20 dated 01.05.2022

## Report on Amendment to Foreign Trade Policy Regarding Tariff Rate Quota (TRQ) Applications **1. Executive Summary:** This report analyzes a Public Notice issued by the Directorate General of Foreign Trade (DGFT) amending the Foreign Trade Policy 2015-20. The core purpose of this amendment, as evidenced by the text, is to extend the deadline for submitting online applications for Tariff Rate Quota (TRQ) under the India-UAE CEPA for the first two quarters of FY 2022-23. The key finding is that the deadline has been extended from May 18, 2022, to May 31, 2022. This change impacts entities seeking to utilize the TRQ benefits under the India-UAE CEPA agreement. **2. Introduction:** This report aims to provide a clear and concise analysis of a Public Notice (No. 08/2015-2020) issued on May 19, 2022, by the Directorate General of Foreign Trade, based solely on the information provided within the text of the notice itself. The analysis focuses on the specific amendment to the Foreign Trade Policy 2015-20 regarding the deadline for Tariff Rate Quota (TRQ) applications. **3. Policy Overview:** * This Public Notice amends condition 'f' of Annexure IV of Appendix 2A notified earlier vide Public Notice No. 06/2015-20 dated 01.05.2022 * **Core Objective:** The core objective of this amendment, as inferred from the text, is to provide applicants with additional time to submit their online applications for the allocation of Tariff Rate Quota (TRQ) under the India-UAE CEPA for the specified period. **4. Background and Rationale:** The Public Notice extends the deadline for TRQ applications. The likely reason for this extension, based on the provided text, is to address potential issues with the original deadline (May 18, 2022) that may have hindered applicants' ability to prepare and submit their applications. It is plausible that the initial timeframe was deemed insufficient, necessitating an extension to ensure broader participation and access to the TRQ benefits offered under the India-UAE CEPA. **5. Key Provisions / Changes:** This Public Notice introduces the following changes: * **Specific Part of Original Policy Changed:** Condition 'f' of Annexure IV of Appendix 2A notified earlier vide Public Notice No. 06/2015-20 dated 01.05.2022 is being amended. This is in line with paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2015-20. * **New Rule/Provision:** The last date for inviting TRQ applications is extended from May 18, 2022, to May 31, 2022. * **Effect of Change:** The effect of this change is that applicants now have until May 31, 2022, to submit their online applications for the allocation of Tariff Rate Quota (TRQ) under the India-UAE CEPA for the first two quarters of FY 2022-23 (May 1, 2022 to September 30, 2022). **6. Target Audience and Stakeholders:** Based on the text, the primary target audience and stakeholders are: * Exporters and importers who intend to utilize the Tariff Rate Quota (TRQ) under the India-UAE CEPA agreement. * Businesses involved in trade between India and the UAE, specifically those seeking to benefit from the preferential tariff rates offered under the CEPA. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Directorate General of Foreign Trade (DGFT) is the responsible agency for implementing this amendment. Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Addl. Secy., is the signatory of the notice. * **Timelines:** The key timeline impacted is the application deadline, which is extended to May 31, 2022. The TRQ allocation pertains to the first two quarters of FY 2022-23 (May 1, 2022 to September 30, 2022). * **Procedures:** The text indicates that applications are to be submitted online. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this extension is: * Increased participation in the TRQ program under the India-UAE CEPA. * Greater utilization of the preferential tariff rates offered under the CEPA. * Reduced burden on applicants by providing them with additional time to prepare and submit their applications. * Potentially, an increase in trade volume between India and the UAE under the CEPA framework. **9. Conclusion:** The Public Notice issued by the DGFT extends the deadline for TRQ applications under the India-UAE CEPA. This amendment provides applicants with additional time to submit their online applications, potentially leading to increased participation and greater utilization of the benefits offered under the CEPA. This change is significant for businesses engaged in trade between India and the UAE, providing them with more flexibility in accessing preferential tariff rates.

Key Entities Referenced