The Director General of Foreign Trade (DGFT) notified the amendment in procedure for import under the Tariff Rate Quota Scheme.
The DGFT in exercise of powers conferred under Paragraph 1.03 of Foreign Trade Policy, (2015-2020) read with Paragraph 2.04 of Foreign Trade Policy, 2015-2020, replaced the existing Para 2.60 of the Handbook of Procedure (2015-20) on Procedure for Import under the Tariff Rate Quota Scheme.
“Imports under the Tariff Rate Quota Scheme are governed as per the Customs Notification No.28/2020-Customs dated 23.06.2020 of Department of Revenue, Ministry of Finance, Government of India as amended from time to time,” the DGFT in the notification said.
“Paragraph 2.60 of Handbook of Procedure, 2015-2020 is replaced to update the latest Customs Notification governing imports under Tariff Rate Quota Scheme,’ the DGFT while stating the effect of the Public notice said.
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