Date: 2015-07-07Category: Extra OrdinaryState: Union GovernmentCountry: India
The powers conferred under Paragraphs 2.04 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby allocates an additional quantity of 2095 MTs (Two thousand ninety five metric tons) of raw cane sugar (at 98 degree pol), out of non-levy (Free Sale) quota for export under Tariff Rate Quota (TRQ) to USA for the US fiscal year 2015.
Executive Summary:
This public notice issued by the Director General of Foreign Trade allocates an additional 2095 metric tons of raw cane sugar for export to the USA under the Tariff Rate Quota (TRQ) for the US fiscal year 2015 (October 1, 2014 – September 30, 2015). This is in addition to the previously notified quantity of 8424 metric tons. Export of sugar HS Code 17010000 to USA under TRQ is subject to conditions in Notification No. 3201520 dated 20.04.2015.
Key Points / Main Content:
* **Allocation of Additional Export Quantity:**
* An additional 2095 metric tons of raw cane sugar (at 98 degree pol) is allocated for export to the USA under the TRQ.
* This allocation is from the non-levy Free Sale quota.
* The export period is for the US fiscal year 2015: October 1, 2014, to September 30, 2015.
* This is in addition to the 8424 metric tons previously notified under Public Notice No. 920152020 dated 01.05.2015.
* **Export Conditions and Requirements:**
* Export of sugar (HS Code 17010000) to the USA under TRQ is free, subject to conditions in Notification No. 3201520 dated 20.04.2015.
* A Certificate of Origin, if required for preferential sugar export to the USA, will be issued by the Additional Director General of Foreign Trade, Mumbai.
* Other certification requirements specific to sugar exports to the USA must continue to be followed.
* The reporting requirements as notified in Notification No. 320152020 dated 20.04.2015 must be complied with.
Impact Analysis:
* **Sugar Exporters:**
* Impact: Increased export opportunities to the USA within the TRQ framework.
* Action Required: Adhere to the conditions outlined in Notification No. 3201520 dated 20.04.2015, obtain the Certificate of Origin if required, comply with all other certification and reporting requirements, and export the allocated quantity by September 30, 2015.
* **Director General of Foreign Trade (DGFT):**
* Impact: Responsible for administering and monitoring the allocation of the additional export quantity.
* Action Required: Ensure compliance with the policy and monitor sugar exports under the TRQ.
Key Entities Referenced
Foreign Trade Policy, 2015-2020: The prevailing foreign trade policy under which the Director General of Foreign Trade is exercising powers.
Director General of Foreign Trade: The issuing authority for the public notice, responsible for allocating export quotas.
USA: The United States of America, the destination for the sugar exports under the Tariff Rate Quota.
Tariff Rate Quota (TRQ): A quota system that allows a specified quantity of goods to be imported at a reduced tariff rate.
US fiscal year 2015: The US fiscal year spanning from October 1, 2014, to September 30, 2015, relevant to the export allocation.
raw cane sugar: The specific type of sugar being allocated for export to the USA.
Mumbai, Maharashtra: The city and state where the Additional Director General of Foreign Trade issues Certificate of Origin for sugar exports to USA.
Notification No. 3/2015-20 dated 20.04.2015: A notification that specifies the conditions for exporting sugar (HS Code 17010000) to the USA under TRQ.