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TMI BlogTRQ for Raw Sugar: Amendment in import policy of raw sugar classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017-Schedule-1 (Import Policy)X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 @ 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 Regiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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 5th April, 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/proces ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er TRQ, the applicant fails to utilize the quota fully/partially, the applicant shall surrender the unutilized quantity to DGFT at [email protected] 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 [email protected] ; [email protected] ; and to his jurisdictional Regional Authority. vi. Reallocation: The quota so surr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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