The Directorate General of Foreign Trade ( DGFT ) has announced an allocation of 5,841 metric tonnes ( MT ) of sugar for export to the European Union ( EU ) under the Tariff Rate Quota ( TRQ ) for the period of October 2024 to September 2025.
This allocation, made under Paragraph 2.04 of the Foreign Trade Policy, 2023, grants the export of sugar (HS Code 17010000) as ‘Free’ but is subject to conditions detailed in Notification No. 3/2015-20, issued on April 20, 2015.
Complete Supreme Court Judgment on GST from 2017 to 2024 with Free E-Book Access, Click here
The TRQ mechanism allows the export of a specified quantity of goods to the EU with preferential tariffs, facilitating trade between India and the EU. However, compliance with the conditions of the ‘Nature of Restrictions’ section in the above notification is mandatory for exporters.
For preferential access to the EU market, a Certificate of Origin may be required. This certification will be issued by the Additional Director General of Foreign Trade, Mumbai, based on recommendations from the Agriculture and Processed Food Products Export Development Authority ( APEDA ).
Complete Supreme Court Judgment on GST from 2017 to 2024 with Free E-Book Access, Click here
APEDA, as the implementing agency, will oversee the operation of the sugar export quota and ensure that only eligible entities and quantities are authorised for export. Other certification requirements specific to the export of sugar to the EU will continue to apply as well.
In terms of compliance and reporting, exporters must adhere to the reporting obligations established under Notification No. 3/2015-2020 and Notification No. 20, dated September 7, 2015.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
