S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby inserts import policy condition on ‘Raw Sugar’ classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017 — Schedule — 1 (Import Policy) as under:

Exim
Code

Item Description

Policy

Existing Policy Conditions

Revised Policy Condition

170114

Raw Sugar

Free

Import of items under Exim Code 170114 is “Free”. However, import up to 3 Lakh MT of raw sugar is subject to Tariff Rate Quota Scheme (C 25% Customs duty) as per conditions laid down below.

2. (i) Import of 3 Lakh MT of raw sugar under Exim Code 170114 is allowed to be imported by millers/ refiners at 25% Tariff Duty, through the following ports in the southern states and corresponding Regional Authorities of DGFT, as in the table below:

Name of the Port

(Import allowed only through following Ports)

Application to be the Regional Authority of DGFT

(i) Tuticorin, and (ii) Chennai
(Tamil Nadu),(ii) Karaikal (Puducherry)(iv) Mangalore (Karnataka)(v) Kakinada, (vi) Vishakhapatnam and

(vii) Gangavaram (Andhra Pradesh)

Application importing through Tuticorin, Chennai and Karaikal port are to submit their application to RA, Chennai;

For imports through Mangalore, applicants may submit their application to RA, Bangaluru; and

For import though Kakinada, Vishakhapatnam and Gangavaram applicants may submit their application to RA, Vishakhapatnam.

ii. Applications:

a. Applications are invited online from the intending millers/refiners (having own refining/processing capacity for conversion of raw sugar to white /refined sugar) of raw sugar for import of raw sugar as per ANF-2M of FTP 2015-20 to DGFT, at sugarimporttrq-dgft@nic.in with a copy to Regional Authorities namely Chennai, Bengaluru and Visakhapatnam. Further, a signed copy of the application shall be submitted to Regional Authority concerned and to DGFT Hqrs. (Import Cell), Udyog Bhawan, New Delhi. Application fee for these applications shall be paid according to procedure as per Appendix 2K of Appendices & Aayat Niryat Forms. For each refining/processing unit, applicants shall give self declaration of its refining/processing capacity while providing self certified copy of latest IEM issued by DIPP and/or any other document indicating its refining/processing capacity.

b. Applicants intending to import under this notification must also indicate in its application the quantum applied in response to the Notification No. 1 dated 5thApril, 2017; the quantum allotted and total imports made by the applicant firm against the allocated quota.

c. The applications will be received between 8th September to 12th September, 2017 (till 5 pm) (five days). The allocation of quota for each eligible applicant shall be notified on 13th September, 2017, as per the decision of the EFC under Para 2.51 of the HBP, 2015-20. The EFC, while considering applications, will take into considerations; inter alia, the monthly refining/processing capacity of the applicant, the quantity applied for by the applicant and the total number of applications received under the notification. Record of past utilization, will also be considered by the Committee. RA will issue license/s as per the decisions of the EFC.

d. The importer shall furnish the details of Letter of Credit /confirmed contract to the RA concerned within 10 days of getting their import quota at sugarimporttrq–dgft@nic.in. The subject header of this e-mail shall be “Name of applicant / IE Code /quantity applied in MT / Name of the RA where application is being filed. Non compliance will attract penalty as per Para (iv) of this notification and automatic cancellation of allocation.

e. The importer having furnished the irrevocable letter of credit shall further import the entire quantity of raw sugar, as allotted to the applicant firm, within 60 days of date of issue of license.

f. Actual user condition as in the Notification No.68/2017-Customs (N.T.) dated 30th June, 2017 will be applicable on imports under this TRQ scheme and importer shall convert raw sugar into white/refined sugar within a period, not exceeding 30 days from the date of bill of entry or the date of entry inwards, whichever is later.

iii. Validity of Quota: TRQ benefit (25% Customs tariff) under this Notification shall be available upto 60 (sixty) days from the date of issue of license as per Section 15 of the Customs Act, 1962.

iv. Penalty: If, after obtaining license under TRQ, the applicant fails to utilize the quota fully/partially, the applicant shall surrender the unutilized quantity to DGFT at sugarimporttrq-dgft@nic.in by 25th September, 2017. In such a case, the applicant will be liable for a penalty of 0.5% of the CIF value of the unutilized quota. Failure to intimate the unutilized quantity will further make him liable to penal actions under FT(DR) Act 1992, as amended from time to time, in addition to the penalty of 0.5%.

V. Reporting: The license holders shall submit weekly statements (every Monday) indicating the actual arrival of shipments at the Indian ports at sugarimporttrq-dgft@nic.in ; cdsugar.fpd@nic.in ; and to his jurisdictional Regional Authority.

vi. Reallocation: The quota so surrendered or cancelled, if any, will be allocated to other eligible applicants within a week.

vii. DGFT reserves the right to make any changes in allocation as deemed fit at any point of time.

Effect of this Notification: Import of 3 Lakh MT of raw sugar under Exim Code 170114 of Chapter 17 of ITC (HS), 2017—Schedule-1 (Import Policy) is allowed at 25% Customs duty under TRQ.

(Alok Vardhan Chaturvedi)

Director General of Foreign Trade

F.No No.01/89/180/Misc-13/AM-07/PC-2 (A)

To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade

Notification No. 27/2015-2020
New Delhi, Dated: 7 September, 2017

 

If you like my article, please share this on :


Search Professional Post Query Post Assignment Read More Articles

In case of business query on above subject, comment here or contact One Roof Consultant




article author

One Roof Consultant

Tax Expert
Tax solutions provider , One Roof Consultant



CHECKOUT TRENDING ARTICLES


  • How to Pay Zero Tax for Income up to Rs 12 Lakhs from Salary for Financial Year 2016-17

  • Do not wait till 31st July to file your Income Tax Return – Keep Ready 9 documents to file before due date

  • Missed to Submit HRA declaration to Employer? You can claim HRA at the time of Filing Returns and get Refund from Income Tax

  • Features and Step wise process - Income Declaration Scheme 2016 – Convert your Black Money to White

  • How to Pay Zero Tax for Business Receipts -Turnover of Rs 1 Crore

  • How to Pay Zero Tax for Professionals (CA, CS, Lawyers, Doctors, etc) earning Income of Rs 16 Lakhs

  • Why you should file Income Tax Return? Benefits of Filing Income Tax Returns

  • How to save Rs 10 crore as retirement corpus

  • Having Turnover of Less than 10 Lakhs? How to File NIL Service Tax return with Circular No 033/2012

  • Starting a New Business or Profession? Compare Structure and type of Entity– Sole, Partnership, LLP or Company

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Senior Citizens Tax Benefits in Income Tax Act - Filing, exemptions, advance tax and other benefits

  • Registration process for Trade Mark


  • GET FREE ARTICLE UPDATES VIA EMAIL

    Always stay updated with latest information on expertmile

    I hope by reading this article you got enlighten on ,DGFT allows Import of 3 Lakh MT of raw sugar under Exim Code 170114i want to return my income tax file, further to mention before taken any financial decision based on this content it is prefered to take an expert opinion as matter can be subjective.