Home India Ministry of Commerce and Industry Inclusion of/ changes made in provisions in continuation to ...
Date: 2022-09-12 Category: Not Applicable State: Union Government Country: India

Inclusion of/ changes made in provisions in continuation to Public Notice No. 10/2015-20 dated 24.05.2022 and Public Notice No. 15/2015-20 dated 14.06.2022

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

This Public Notice, dated September 12, 2022, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, amends previous directives concerning Tariff Rate Quotas (TRQ) allocations for the import of crude soybean oil and crude sunflower oil. Specifically, it supplements Public Notice No. 10/2015-20 dated May 24, 2022, and Public Notice No. 15/2015-20 dated June 14, 2022. The notice mandates that all TRQ allottees who have yet to complete their allocated imports must provide details of their planned imports, including proof of purchase/import arrangements such as advance payment details, purchase contracts/Letters of Credit with SWIFT output messages, and other supporting documentation, to ddglimport-dgft@gov.in and policy2-dgft@gov.in by September 20, 2022. Furthermore, allottees anticipating non-utilization or partial utilization of their allocated quantities must notify the DGFT for potential surrender of specific quantities, also via email to ddglimport-dgft@gov.in and policy2-dgft@gov.in by September 20, 2022. Failure to comply with these directives will result in cancellation and reallocation of TRQ to other eligible importers after September 20, 2022. The notice reiterates that unutilized quantities by the end of the current import period will be deducted from future allocations in the 2023-24 period. The effect of this Public Notice is to elaborate on the procedures for managing unutilized quantities allocated under TRQ for the import of crude soybean and crude sunflower oil. Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India, issued the notice, which originates from File No. 01/89/180/36/AM14/PC2[A]/Part-II/E-32035. Inquiries can be directed to dgft@nic.in.

Key Entities Referenced

Directorate General of Foreign Trade: The issuing authority for the public notice, responsible for foreign trade policy. Foreign Trade Policy, 2015-2020: The policy framework under which the public notice is issued and amended. Public Notice No. 10/2015-20 dated 24.05.2022: A previous public notice that is being amended by this notice. Public Notice No. 15/2015-20 dated 14.06.2022: A previous public notice that is being amended by this notice. Trade Related Quota: Trade Related Quota (TRQ) allottees must provide details of planned imports and surrender unused quantities. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India. New Delhi: Location where the Public Notice was issued. Import of crude soya bean and crude sun flower oil: Mention of the goods imported under the TRQ scheme, to which the public notice pertains
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See Full Document Text
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. 24/ 2015-20 New Delhi, Dated: 12" September 2022 Subject: Inclusion of/ changes made in provisions in continuation to Public Notice No. 10/2015-20 dated 24.05.2022 and Public Notice No. 15/2015-20 dated 14.06.2022 In exercise of the powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby amends Para 2 of Public Notice No. 10/2015-20 dated 24.05.2022 read with Public Notice No. 15/2015- 20 dated 14.06.2022 as under : 1. The following provisions are inserted after $1. No. (xi) under para 2 - xii. All TRQ allottees who are yet to effect-:. imports under TRQ allocated shall provide details of imports planned under TRQ. Information and proof of aforesaid purchase/import arrangements, such as, details of advance payment along with purchase contract/Letter of Credit along with the SWIFT Output Message Reference date, and other supporting documents shall be sent to the email ids: ddglimport-dgft@gov.in and policy2-dgft@gov.in latest by 20.09.2022. xiii. In case of possible non-utilization of quantities allocated or partial utilization, the TRQ allottees shall intimate this directorate for surrender of specific quantities. Details of the quantities to be surrendered shall be sent vide email to the following email ids: ddglimport-dgfi@gov.in / policy2-dgft@gov.in latest by 20.09.2022 xiv. Failure to comply with the above directions shall result in cancellation and reallocation of TRQ to other eligible Importers after 20.09.2022. 2. Para 2(xi) of Public Notice 15/2015-20 dated 14.07.2022 is additionally re-iterated for information of all TRQ Allottees - The un-utilized quantities i.e., quantities not imported by the TRQ Licencees by the end of the current import period, shall be deducted from the proposed allocations during the next period, i.e., 2023-24. ieEffect of Public Notice: Provisions for treatment of un-utilized quantities allocated under TRQ for import of crude soya bean and crude sun flower oil have been elaborated. <a (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]

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