Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 2 04 of the ...
Date: 2019-08-19 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 2 04 of the Foreign Trade Policy

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This public notice, No. 26/2015-2020, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, dated August 19, 2019, announces the incorporation of a Tariff Rate Quota (TRQ) under the India-Mercosur Trade Agreement within paragraph 2.107 TRQ under FTACECA of HBP, 2015-20. Specifically, it pertains to the import of 30,000 metric tons of crude soya oil (HS Code 1507 10 00) from Paraguay. The in-quota tariff rate is 10% as per Customs Notification No. 57/2009 dated 30.05.2009. This notice serves to notify the TRQ quota for the specified import volume and product. The responsible authority is Alok Vardhan Chaturvedi, Director General of Foreign Trade and Ex-officio Additional Secretary.

Key Entities Referenced

Directorate General of Foreign Trade: The organization issuing the public notice related to foreign trade policy. New Delhi: The city where the public notice was issued. Foreign Trade Policy, 2015-2020: The specific foreign trade policy under which the notification is issued. FTACECA: Likely an abbreviation for a Free Trade Agreement, specifically referenced in relation to TRQ (Tariff Rate Quota). HBP, 2015-2020: Handbook of Procedures related to the Foreign Trade Policy 2015-2020 TRQ: Tariff Rate Quota, the subject of the public notice, concerning import of crude soya oil. Paraguay: The country from which crude soya oil imports are being regulated under the India-Mercosur Trade Agreement. India-Mercosur Trade Agreement: The trade agreement that governs the import of crude soya oil from Paraguay.
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