DGFT notifies Allocation of TRQ for Import of Crude Soya bean and Crude Sunflower oil for FY 2022-23 and 2023-24 [Read Notification]
![DGFT notifies Allocation of TRQ for Import of Crude Soya bean and Crude Sunflower oil for FY 2022-23 and 2023-24 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/DGFT-TRQ-Import-Crude-Soya-bean-Crude-Sunflower-oil-taxscan.jpg "DGFT notifies Allocation of TRQ for Import of Crude Soya bean and Crude Sunflower oil for FY 2022-23 and 2023-24 [Read Notification]")
The Director-General of Foreign Trade (DGFT) has notified provisions for allocation of Tariff Rate Quota (“TRQ”) for Import of 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTS of Crude Sunflower oil for FY 2022-23 and 2023-24. As per the notice issued on Tuesday, “In exercise of the powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020,...
The Director-General of Foreign Trade (DGFT) has notified provisions for allocation of Tariff Rate Quota (“TRQ”) for Import of 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTS of Crude Sunflower oil for FY 2022-23 and 2023-24.
As per the notice issued on Tuesday, “In exercise of the powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, the Director-General of Foreign Trade hereby notifies the provisions for import of Crude Soyabean Oil and Crude Sunflower Seed Oil under Tariff Rate Quota (TRQ) by amending para 2.60 and 2.61 of the Handbook of Procedures”
The notice said that the Tariff Rate Quota (TRQ) Imports shall be allocated during financial years 2022-23 and 2023-24, up to quantities per year as indicated below. The duty exemption under the said TRQs may be availed as per Ministry of Finance (Department of Revenue) Notification No. 30/2022-customs dated May 24, 2022.
To Read the full text of the Notification CLICK HERE
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