The DGFT vide Trade Notice 17/2023 dated July 28, 2023 issued procedure for allocation of quota for export of Wheat, Wheat Flour (Atta) and Maida/Semolina on humanitarian and food security grounds, based on requests received from Government of Bhutan.
The Government of India vide Notification No. 06/2015-20 dated May 13, 2022 prohibited export of wheat. Export of Wheat or Meslin Flour (Atta), Maida, Semolina (Rava/Sirgi), Wholemeal atta ad resultant atta] under HS code 1101 was prohibited vide Notification No. 30. dt. August 27, 2022.
The following requests from Government of Bhutan have been approved by the competent authority:- “Export of 14,184 Metric Ton of Wheat Grain; 5326 Metric Ton of Wheat Flour (Atta); 15,226 Metric Ton of Maida/Semolina; to Bhutan in FY 2023-24.”
Accordingly, applications are invited from exporters for allocation of quota. In order to maintain objectivity and transparency in allocation of the quota, the mode of allocation is decided as under:-
I. Applications may be submitted through an online portal;
II. Minimum threshold for Wheat, Wheat Flour (Atta), Maida/Semolina will be 100 MT by land transport to neighboring country.
III. Application would be allowed only if the exporter applies for quantity more than the minimum threshold.
IV. Allocation will be first made on the basis of pro-rata to average export of Wheat, Wheat Flour (Atta), Maida/Semolina to Bhutan in three years previous to FY in which the item was prohibited and quantity applied for, whichever is less subject to minimum threshold.
V. Any unutilized quantity will then be reallocated again to the eligible exporters on pro-rata basis as in point V.
Based on the above mode of allocation, the procedure to apply for the export authorization under approved quota is outlined as below:-
a. Exporters can apply online through DGFT’s ECOM system for Export Authorisations Non-SCOMET Restricted Items (Please refer Trade Notice No. 03/2021-22 dated May 10, 2021. There is no need to send hard copy of the application via mail or post.
b. Validity of the Export Authorisation will be till March 31, 2024.
c. Online applications filed from July 28, 2023 to August 07, 2023 will only be considered.
d. The documents to be submitted along with the application must include the following:
i. Export data for Wheat, Wheat Flour (Atta), Maida/Semolina to Bhutan during three years previous to FY in which the item was prohibited.
All applicants seeking export authorization for restricted items may apply online by navigating to the DGFT website (https://www.dgft.gov.in) -> Services -> Export Management Systems-> License for Restricted Exports.
Deficient applications or applications received through mails or by post will not be considered.
The exporters who have been allocated the quota of Wheat, Wheat Flour (Atta) and Maida/Semolina will submit the ‘Landing Certificate’ within 90 days of completion of export of allocated quota.
In case of any mis-declaration by an applicant or any applicant failing to export the allocated quota to the respective Country(ies), within the specified time period, will be black listed for the next two financial years and action under the relevant provisions of FT (D&R) Act, 1992, as amended, shall be taken against the applicant.
The Trade Notice can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/07/Trade-Notice-No.17-2023.pdf
___________________________________________________________________________________
📢 FREE Webinar on “Blockchain and Virtual digital asset with overall taxation implications including GST” by CA Riddhi Jain & Adv (CA) Bimal Jain
 |
|
🔖 A2Z Academy is Organizing a FREE Webinar On: 📢“Blockchain and Virtual digital asset with overall taxation implications including GST” 🗓️ Date: August 04, 2023, Friday ⏰ Time: 8:00 PM to 9:00 PM (IST) 🎤 Speakers: 👨🏻🏫 CA Riddhi Jain 👨🏻🏫 CA (Adv) Bimal Jain Registration Link 🔗: https://zoom.us/webinar/register/WN_Kbvufgm6TyW-avGx6_3mfw Coverage: ✔️ What is the current legal status of virtual digital assets in India? Limited seats available Follow us on our social media for more updates: |