Home India Ministry of Finance In exercise of the powers conferred by subsection 1 of secti...
Date: 2020-10-28 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 1 of section 25 of the Customs Act,

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 40/2020-Customs, issued by the Ministry of Finance, Department of Revenue, on October 28, 2020, exempts specific goods from a portion of customs duty under subsection 1 of section 25 of the Customs Act, 1962. The exemption applies to goods described in the table within the notification, specifically concerning a Tariff Rate Quota (TRQ). The notification establishes a TRQ for potatoes (Subheading 0701) with a quota of 10,00,000 MT. The In-quota tariff rate is set at 10%. Imports under this TRQ are subject to Condition 1 outlined in the Annexure, which requires: a) TRQ allotment to the importer by the Directorate General of Foreign Trade (DGFT) according to the Hand Book of Procedure 2015-20. b) The TRQ authorization must include the importer's name, address, IEC code, Customs notification number, applicable subheading or tariff item, quantity, and validity period. c) Electronic issuance and transmission of the TRQ authorization to the ICES system by the DGFT. d) Imports against the TRQ allowed only upon electronic debiting in the ICES system. This notification is valid until January 31, 2021, for potatoes specified under serial number 1. The notification originates from F. No. 354/105/2014-TRU and is issued by Gaurav Singh, Dy. Secy.

Key Entities Referenced

Customs Act, 1962: An Indian law related to customs duties and regulations, referenced as the legal basis for the notification. Central Government: The executive authority of the Union of India, responsible for issuing the notification. Customs Tariff Act, 1975: An Indian law that provides the framework for levying customs duties on goods imported into India. India: The Republic of India, the country to which the notification applies concerning imports. Directorate General of Foreign Trade: An agency responsible for allotting Tariff Rate Quotas (TRQ) to importers. Hand Book of Procedure 2015-20: A document specifying the procedure for TRQ allotment by the Directorate General of Foreign Trade. ICES: Indian Customs Electronic Commerce/Electronic Data Interchange (EC/EDI) System. The electronic system used for customs clearance and debiting of TRQ quantities. New Delhi: The location where the notification was issued.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E2x8x1x 02020-222793 CG-DL-E-28102020-222793 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 557] नई ददल्ली, बधु िार, अक्त बू र 28, 2020/ कार्भतक 6, 1942 No. 557] NEW DELHI, WEDNESDAY, OCTOBER 28, 2020/KARTIKA 6, 1942 जित्त मत्रं ालय (राजस्ट्ि जिभाग) अजधसचू ना नई ददल् ली, 28 अक् तूबर, 2020 स.ं 40/2020-सीमा िल्ु क सा.का.जन. 681(अ).—सीमा िुल् क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप-धारा (1) के तहत प्रदत् त िजतियय का प्रयगग करत े ुए, केन्‍द र सरकार, इस बात स े संतुष्ट हगते ुए दक ऐसा करना जनजहत म ें आिश् यक ह,ै एतदद्वारा, नीचे दी गई सारणी के कॉलम (3) में जिजनर्ददष् ट िस्ट् त,ु जग दक उक्त सीमा िुल् क टैिर अजधजनयम, 1975 की प्रथम अनुसूची के उस उप िीर्कष या टैिर मद के अतं गतष आती ह ै जग दक उक्त सारणी के कॉलम (2) की तत्स ंबंधी प्रजिज में जिजनर्ददष् ट ह,ं की एक जित् तीय िर्ष म ें कुल आयात की उतनी मात्रा कग जजतनी की नीच े कॉलम (4) म ें जिजनर्ददष् ट ह ै (एतजश्मन पश् चात जजसे “टैिर रेट कगटा (टीआरक्य )ू मात्रा” से संदर्भभत दकया गया ह)ै , जब इनका आयात भारत म ें ुआ हग, उतन ेसीमा िुल् क से जग दक उक्त प्रथम अनुसूची के अंतगषत उस पर लगाया जाता हग रर उक्त सारणी के कॉलम (5) म ें दी गई तत्स ंबंधी प्रजिज म ें जिजनर्ददष् ट दर स े पिरगजणत राजि से अजधक हग (एतजश्मन पश् चात जजस े इन-कगटा टैिर रेट स े संदर्भभत दकया गया ह)ै , स े छूट दते ी ह,ै बित े दक इस अजधसचू ना के अनबु धं म ें जिजनर्ददष्ट कगई ित,ष जजसकी ित ष सख्ं य ा उक्त सारणी के कॉलम (6) की तत्स ंबंधी प्रजिज में जिजनर्ददष् ट ह,ै परू ी हगती हग, यथा :- सारणी क्र.सं. उप िीर्षक टैिर मद िस्ट् तु का जििरण टैिर रेट कगटा मात्रा इन-कगटा टैिर रेट ितष संख् या (1) (2) (3) (4) (5) (6) 1. 0701 आल ू 10,00,000 मीिरक टन 10% 1 5257 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] अनबु धं ित षसख्ं य ा ित ष 1. (क) हडें बुक ऑ प्रगजसजर, 2015-20 म ें यथा जिजनर्दद सगं त प्रदक्रया के अनुसार आयातकताष कग जिदेि व्यापार महाजनदेिालय के द्वारा टैिर रेट कगटा आबंिटत दकया गया हग । (ख) उतिय टैिर रेट कगटा प्राजधकार पत्र में आयातकताष का नाम रर पता, आईईसी कगड, सीमा िुल्क अजधसूचना संख्या, लागू हगने िाले उक्त िीर्षक या टैिर मद, मात्रा रर प्रमाण पत्र की िैधता अिजध उजल्लजखत हग । (ग) टीआरक्य ू प्राजधकार पत्र कग जिदेि व्यापार महाजनदेिालय द्वारा इलैक्रॉजनक तरीके स े जारी दकया जाएगा रर इस ेआईसीईएस जसस्ट्टम स े भेजा जाएगा । (घ) उक्त टीआरक्य ू के एिज म ें दकए जाने िाले आयात की तभी अनुमजत हगगी जब आईसीईएस जसस्ट्टम म ें इलैक्रॉजनक रुप स ेडेजबटटग हग गई हग । बिते दक इस अजधसूचना में जनजहत कगई भी बात 31 जनिरी, 2021 के पश् चात उक्त सारणी के क्रम संख् या 1 के समक्ष जिजनर्ददष् ट िस्ट् तुओं क की आपूर्भत पर लाग ूनहह हगगी । [ ा. स.ं 354/105/2014-टीआरय]ू गौरि ससह, उप सजचि MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th October, 2020 No. 40/2020-Customs G.S.R. 681(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below, and falling within the sub-heading or tariff item of the First Schedule to the said Customs Tariff Act, 1975, as are specified in the corresponding entry in column (2) of the said Table in such quantity of total imports of such goods in a financial year, as specified in column (4) below (herein after referred to as the ‘tariff rate quota (TRQ) quantity’), when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (5) of the said Table (herein after referred to as the In-quota tariff rate), subject to any of the conditions, specified in the Annexure to this notification, the condition number of which is mentioned in the corresponding entry in column (6) of the said Table, namely: - TABLE S.No. Sub–heading Description of goods Tariff rate quota In-quota tariff rate Condition or tariff item quantity No. (1) (2) (3) (4) (5) (6) 1. 0701 Potatoes 10,00,000 MT 10% 1 ANNEXURE Condition No. Condition 1. (a) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the Hand Book of Procedure 2015-20.[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 3 (b) The TRQ authorization shall contain name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate. (c) The TRQ authorization shall be issued electronically by the Directorate General of Foreign Trade and transmitted to ICES system. (d) Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system. Provided that nothing contained in this notification shall apply to the goods specified against serial number 1 of the said Table after the 31st day of January 2021. [F. No. 354/105/2014-TRU] GAURAV SINGH, Dy. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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