Executive Summary:
This public notice issued by the Directorate General of Foreign Trade (DGFT) discontinues the Tariff Rate Quota (TRQ) for import of Crude Sunflower Seed Oil effective April 1, 2023. It amends paragraphs 2.60 and 2.61 of the Handbook of Procedures, eliminating TRQ allocations for Crude Sunflower Seed Oil in the financial year 2023-24. The last date for import of Crude Sunflower Seed Oil under TRQ is revised to March 31, 2023.
Key Points / Main Content:
Tariff Rate Quota (TRQ) Amendment:
* Amends Para 2.60 and 2.61 of the Handbook of Procedures.
* Revises provisions related to TRQ for import of Crude Sunflower Seed Oil.
Crude Sunflower Seed Oil Import:
* No TRQs will be allocated for import of Crude Sunflower Seed Oil in Financial Year 2023-24.
* The last date for import of Crude Sunflower Seed Oil (ITC HS 15121110) under TRQ is March 31, 2023.
* TRQs issued during FY 2022-23 for Crude Sunflower Seed Oil are valid for imports until March 31, 2023.
* Bill of Lading dated on or before 31.03.2023 shall be allowed for imports under Crude Sunflower Seed Oil TRQs till 30.06.2023.
Crude Soyabean Oil Import:
* Validity of TRQs issued during FY 2022-23 for import of Crude Soyabean oil, wn degummed under ITC HS 15071000 is revised to 31.03.2023.
* Bill of Lading dated on or before 31.03.2023 shall be allowed for imports under Crude Soyabean oil TRQs till 30.06.2023.
Impact Analysis:
TRQ Licensees:
* Impact: The discontinuation of TRQ for Crude Sunflower Seed Oil in FY 2023-24 means they cannot import under this scheme after March 31, 2023. Quantities not imported 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., 202324.
* Action Required: Ensure all Crude Sunflower Seed Oil imports under the existing TRQ are completed by March 31, 2023, and note that no further allocations will be made for FY 2023-24.
Importers of Crude Sunflower Seed Oil:
* Impact: Need to adjust import strategies as TRQ benefits will not be available after March 31, 2023.
* Action Required: Plan imports accordingly to utilize existing TRQs before the deadline and explore alternative import options without TRQ benefits for future imports.
Ministry of Finance/Department of Revenue:
* Impact: Continued administration of duty exemptions for TRQs issued until their respective validity, as per Notification No. 30/2022-Customs dated 24.05.2022.
* Action Required: Implement the discontinuation of TRQ for Crude Sunflower Seed Oil from April 1, 2023, and monitor imports accordingly.
Key Entities Referenced
Directorate General of Foreign Trade: An organization under the Department of Commerce, Ministry of Commerce and Industry, responsible for implementing the Foreign Trade Policy.
Foreign Trade Policy 2015-2020: A policy document outlining the framework for India's foreign trade.
Tariff Rate Quota: A mechanism allowing a specific quantity of imports at a reduced rate of duty.
Crude Sunflower Seed Oil: A type of edible oil whose import regulations are being revised in this notice.
Ministry of Finance, Department of Revenue: The government body responsible for financial and revenue matters, mentioned in relation to duty exemption notifications.
Notification No. 30/2022-Customs dated 24.05.2022: A notification issued by the Department of Revenue regarding customs duties related to Tariff Rate Quotas.
New Delhi: The city where the Public Notice was issued.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India.
To BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I,
SECTION-I]
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 60/ 2015-20
New Delhi, Dated 01°* March, 2023
Subject: Discontinuation of Tariff Rate Quota for Import of Crude Sunflower
Seed Oil w.e.f. 01.04.2023 -reg.
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 revises the
provisions relating to Tariff Rate Quota (TRQ) for import of Crude Sunflower Seed
Oil by amending Para 2.60 and 2.61 of the Handbook of Procedures as notified
earlier vide Public Notice 10/2015-20 dated 24.05.2022, Public Notice 15/2015-20
dated 14.06.2022 and Public Notice 50/2015-20 dated 11.01.2023, as follows:
Para Existing Provision Revised Provision
2.60 (b) Tariff Rate Quota (TRQ) Imports forTariff Rate Quota (TRQ) Imports for
items as indicated as follows, shallitems as indicated as follows, shall
be allocated during financial yearbe allocated during financial year
2022-23 only. 2022-23 only.
Item ITC(HS)|TRQ _ perfltem ITC(HS) TRQ per
Description Year (injDescription Year (in}
MT) MT)
Crude Soya-/1507 10} 20,00,000 liCrude 1507 10 00} 20,00,000
bean oil, w/n| 00 Soya-bean
degummed oil, w/n
degummed
Tariff Rate Quota (TRQ) Imports ffsuntewer es ea
items as indicated as follows, shall seed oil
be allocated during financial years
2022-23 and 2023-24,
Item ITC(HS) |TRQ per
The duty exemption under the said
Description Year (in MT)
TRQs may be availed as_ per
Crude 1512 11] 20,00,000
Ministry of Finance (Department of
Sunflower 10
Revenue) Notification No. 30/2022-
seed oil
Customs dated 24.05.2022.
The duty exemption under the said
aTRQs may be availed as per Ministry
of Finance (Department of Revenue)
Notification No. 30/2022-Customs
dated 24.05.2022.
2.61(d)(ix)|The validity of TRQs issued duringThe validity of TRQs issued during
FY 2022-23 for import of CrudeFY 2022-23 for import of Crude
Soya-bean oil, w/n degummed underSoya-bean oil, w/n degummed
ITC (HS) 15071000 is revised tounder ITC (HS) 15071000 is revised
31.03.2023. Bill of Lading dated onto 31.03.2023. Bill of Lading dated
or before 31.03.2023 shall beon or before 31.03.2023 shall be
allowed for imports under Crudeallowed for imports under Crude
Soya-bean oil TRQs till 30.06.2023. Soya-bean oil TRQs till 30.06.2023.
TRQs issued during FY 2022-23 forThe validity of TRQs issued during
import of Crude Sunflower seed Oil FY 2022-23 for import of Crude
under ITC(HS) 15121110 shall beSunflower Seed Oil, under ITC (HS)
valid for clearance of import for a 15121110 is revised to 31.03.2023.
period of one year or till Bill of Lading dated on or before
30.06.2023, whichever is earlier. 31.03.2023 shall be allowed for
TRQs issued for FY 2023-24 shall imports under Crude Sunflower
be valid for clearance of imports tillSeed Oil TRQs till 30.06.2023.
31.03.2024.
2.61(d)(xi)/The un-utilized quantities i.e,-Deleted-
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.
Effect of Public Notice: Last date of Import of Crude Sunflower Seed Oil (ITC(HS)
15121110) under TRQ has been revised to 31.03.2023. Further, no TRQs shall be
allocated for import of Crude Sunflower Seed Oil in Financial Year 2023-24.
N t
& \:
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in
[Issued from File No. 01/89/180/36/AM-14/PC-2[A]/Part-II/E- 32035]