The Directorate General of Foreign Trade ( DGFT ) has set a limit of 8606 metric tonnes raw value ( MTRV ) of raw cane sugar for export to the United States under the Tariff Rate Quota ( TRQ ) scheme for the fiscal year 2025. It issued a public notice, vide no. No. 22/2024-25 dated 3rd September 2024.
This allocation was made under Paragraph 2.04 of the Foreign Trade Policy 2023, facilitating preferential exports under the TRQ system.
Become an Expert in Tax Regulations: Sections 269 and Beyond
According to Notification No. 3/2015-20, issued on April 20, 2015, the export of sugar (HS Code 17010000) to the USA and the EU under the TRQ is allowed on a ‘Free’ basis, subject to specified conditions.
A Certificate of Origin, necessary for preferential access, will be issued by the Additional Director General of Foreign Trade in Mumbai, based on recommendations from the Agriculture and Processed Food Products Export Development Authority (APEDA).
APEDA will manage the TRQ scheme as the designated implementing agency, overseeing the quota allocation and ensuring that all certification and reporting requirements are met. The export quota is valid from October 1, 2024, to September 30, 2025.
Become an Expert in Tax Regulations: Sections 269 and Beyond
The TRQ scheme is a key mechanism that allows Indian sugar exporters to benefit from preferential access to the U.S. market while complying with both domestic and international trade regulations.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
