Home India Ministry of Commerce and Industry Inclusion of provisions in continuation to Public Notice No....
Date: 2022-06-14 Category: Not Applicable State: Union Government Country: India

Inclusion of provisions in continuation to Public Notice No. 10/2015-20 dated 24.05.2022.

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

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Executive Summary & Key Takeaways

**Policy Summary: Amendment to Public Notice No. 10/2015-2020 Regarding Tariff Rate Quota (TRQ) for Crude Edible Oils** This Public Notice, No. 15/2015-20, dated June 14, 2022, amends Para 2 of Public Notice No. 10/2015-2020, dated May 24, 2022, concerning the allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soybean Oil and 20 Lakh MT of Crude Sunflower Oil for the fiscal years 2022-23 and 2023-24. Key changes and additions include: * **Processing Capacity Verification:** Applicants must provide a self-certified copy of documentary proof issued by Central/State Authorities, dated prior to May 24, 2022, indicating the processing capacity of each unit, specifically mentioning the processing capacity for edible oils. * **Turnover Details:** Applicants must submit details of turnover for processing Crude Edible Oils for the last three financial years (2019-20 to 2021-22), accompanied by self-certified GST Returns. * **Domestic Processing and Consumption Only:** Imports under the TRQ are strictly for domestic processing and consumption. Export of these TRQ imports, whether processed or unprocessed, is prohibited. * **TRQ Validity:** TRQs issued for FY 2022-23 are valid for import clearance for one year or until June 30, 2023, whichever is earlier. TRQs issued for FY 2023-24 are valid until March 31, 2024. * **Import Consignment Timeline:** Only import consignments landing at Indian Ports *after* the date of issuance of the TRQ license will be considered for clearance under the TRQ. Quantities already in warehousing or at Indian ports before the TRQ issuance date are ineligible. * **Unutilized Quantities:** Unutilized TRQ quantities at the end of the import period will be deducted from future allocations if the licensee is considered for allocation in the next TRQ period (2023-24). All other conditions outlined in Public Notice No. 10/2015-2020 dated May 24, 2022, remain in effect. This notice is issued by Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India. Inquiries can be directed to dgft@nic.in.

Key Entities Referenced

Directorate General of Foreign Trade: A department under the Ministry of Commerce and Industry responsible for implementing foreign trade policy. Foreign Trade Policy, 2015 2020: A policy document governing India's foreign trade, as referenced in the context of the public notice. Public Notice No. 10201520 dated 24.05.2022: A prior public notice that this notice amends and adds provisions to. Tariff Rate Quota (TRQ): A quota for imports with a specified tariff rate, used in this context for edible oils. Crude Soya bean oil: A type of edible oil subject to the Tariff Rate Quota (TRQ) allocation. Crude Sunflower oil: A type of edible oil subject to the Tariff Rate Quota (TRQ) allocation. Financial Year 202223: One of the financial years for which the Tariff Rate Quota (TRQ) is being allocated. Financial Year 202324: One of the financial years for which the Tariff Rate Quota (TRQ) is being allocated.
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[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. 15 / 2015-20 | New Delhi, Dated 14" June,2022 | Subject: Inclusion of provisions in continuation to Public Notice No. 10/2015-20 dated | 24.05.2022 - reg. 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 as under : 1. Para 2 (iii) is revised to read as follows: For each processing unit, applicants shall provide a self-certified copy of documentary proof issued by Central/State Authorities, indicating its processing capacity. The certificate should be dated prior to 24.05.2022. The process capacity for Edible oils should be mentioned in the said certificate. 2. The following provisions are inserted after S]. No. (vi) under para 2 — vii. Details of turnover for processing of Crude Edible Oils in the last three financial years, i.c., from 2019-20 to 2021-22, are to be submitted. Self-certified GST Returns shall be provided by the applicants. viii. Imports made under T RQ are for domestic processing and consumption only. No part of the said TRQ Imports can be exported before or after processing. ix.The TRQs issued for financial year 2022-23 shall be valid for clearance of import for a period of one year or till 30" June, 2023, whichever is earlier. TRQs issued for FY 2023-24 shall be valid for clearance of imports till 31" March, 2024 x. Import consignments landing at Indian Ports after the date of issuance of TRQ licence shall only be considered for clearance under TRQ. Any quantities lying at the Indian ports (under warehousing etc) before the date of issuance of the TRQ license shall not be considered for import clearance under TRQ.xi. 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 their proposed allocations (in case allocation is considered) during the next TRQ period, i.e., 2023-24. 3. All other conditions as mandated under Public Notice No. 10/2015-20 dated 24.05.2022 remain applicable. Effect of Public Notice: Changes are made in Public Notice 10/2015-20 dated 24.05.2022 for notifying additional provisions for allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTs of Crude Sunflower oil for FY 2022-23 and 2023-24. nae (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Government ofIndia e-mail: dgft@nic.in

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