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Taxation Central Ministry of Finance Customs Tariff Act, 1975

Import of Crude Soya-bean Oil and Crude Sunflower Oil at Zero Basic Custom Duty allowed up to the 30th June, 2023

10-May-2023 | 37/2023-Customs

Ministry of Finance has issued Notification allowing import of Crude Soya-bean Oil and Crude Sunflower Oil at Zero Basic Custom Duty and Zero Agriculture Infrastructure and Development Cess for TRQ license holders for the financial year 2022-23 up to the 30th June subject to the conditions specified in the Annexure to this notification as follows- (a) Importer produces to the Deputy Commissioner or the Assistant Commissioner of Customs, as the case may be, a valid Tariff Rate Quota (TRQ) authorization for the Financial Year 2022-23 allotted by Directorate General of Foreign Trade. (b) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the Handbook of Procedures, 2015-20 or 2023 as applicable. (c) The TRQ authorization shall contain the name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate. (d) The TRQ authorization shall be issued electronically by the Directorate General of Foreign Trade and transmitted to ICES system. (e) Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system.

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