The Ministry of Finance (“MOF”) vide Notification No. 28/2020 – Customs dated June 23, 2020 has exempted the goods of the description specified in column (3) of the Table below, and falling within the sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as are specified in the corresponding entry in column (2) of the said Table in such quantity of total imports of such goods in a financial year, as specified in column (4) below (herein after referred to as the ‘tariff rate quota (TRQ) quantity’), when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (5) of the said Table (herein after referred to as the In-quota tariff rate), subject to any of the conditions, specified in the Annexure to this notification, the condition number of which is mentioned in the corresponding entry in column (6) of the said Table; namely: –
| S.No. | Subheading or tariff item | Description of goods | Tariff rate quota Quantity | In quota tariff rate |
Condition No. |
|
(1) |
(2) | (3) | (4) | (5) |
(6) |
|
1. |
0402 10 or 0402 21 00 |
Milk and cream in powder, granules or other solid forms, (a) of a fat content by weight not exceeding 1.5%; (b) of a fat content, by weight, exceeding 1.5% – not containing added sugar or other sweetening matter |
10000 MT |
15 percent |
(i) |
|
2. |
1005 90 |
Maize (corn), other than seed quality |
500000 MT |
15 percent |
(i) and (ii) |
|
3. |
1512 11 |
Crude sunflower seed or safflower oil and fractions thereof |
150000 MT |
50 percent |
(i) |
|
4. |
1514 19 or 1514 99 |
Refined rape, colza or mustard oil and fractions thereof |
150000 MT |
45 percent |
(i) |
ANNEXURE
|
Condition No. |
Condition |
|
(i) |
(a) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with paragraph 2.62 of the Handbook of Procedures, 2015-20. (b) The TRQ authorization shall contain name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate. (c) The TRQ authorization shall be issued electronically by the Directorate General of Foreign Trade and transmitted to ICES system. (d) Imports made against the TRQ shall be allowed only upon debiting the TRQ quantity electronically in the ICES system. |
The Notification can be accessed at: https://www.cbic.gov.in/resources/htdocs-cbec/customs/cs-act/notifications/notfns-2020/cs-tarr2020/cs28-2020.pdf