DGFT Notifies Additional Provisions For Allocation Of TRQ For Crude Soya Bean Oil And Crude Sunflower Oil
The Directorate General of Foreign Trade (DGFT) has notified the additional provisions for the allocation of Tariff Rate Quota (TRQ) for 20 lakh MT of crude soya bean oil and 20 lakh MT of crude sunflower oil for the financial years 2022–23 and 2023–24.The DGFT informed applicants that for each processing unit, they must present a self-certified copy of documentation proof...
The Directorate General of Foreign Trade (DGFT) has notified the additional provisions for the allocation of Tariff Rate Quota (TRQ) for 20 lakh MT of crude soya bean oil and 20 lakh MT of crude sunflower oil for the financial years 2022–23 and 2023–24.
The DGFT informed applicants that for each processing unit, they must present a self-certified copy of documentation proof given by Central/State Authorities stating its processing capability. The certificate must be dated before May 24, 2022. The capacity of the process for edible oils should be specified in the certificate.
As per the notification, details of turnover for processing crude edible oils in the last three financial years, i.e., 2019-20 to 2021-22, must be given. Applicants must produce self-certified GST returns.
TRQ imports are solely for domestic processing and consumption. TRQ Imports cannot be exported before or after processing.
TRQs issued for financial year 2022-23 will be valid for import approval for one year or until June 30,2023, whichever comes first. TRQs issued for FY 2023-24 will be valid for import approval until March 31, 2024.
"Import consignments landing at Indian ports after the date of issuance of the 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 licence shall not be considered for import clearance under TRQ," the DGFT notified.
Unutilized quantities, that is, quantities not imported by TRQ Licencees before the end of the current import period, will be subtracted from their proposed allocations (if an allocation is considered) during the following TRQ period, 2023–24.
Public Notice No. 15/2015-20
Dated: June 14, 2022