The Ministry of Commerce and Industry on April 28, 2023, issued a notice on the New TRQ applications under tariff head 7108 under India-UAE CEPA for FY 2023-24.
The following has been stated: -
•New applications are invited from the date of this Public Notice and up to May 07, 2023.
•Applications are invited online through the DGFT website --> Import Management System -->Tariff Rate Quota (TRQ).
•All applications shall be considered as per the guidelines notified vide Public Notice 06/2023 dated April 17, 2023. New applications that may be received pursuant to this Public Notice shall be considered together with the earlier applications already received for TRQ allocation of a total of 140 MTs under tariff head 7108 for FY 2023-24.
•The minimum lot size of allocation shall be 5 kgs ordinarily and, shall be subject to a downward revision in case the number of eligible applicants is higher. The allocation shall be made in multiples of the minimum lot size and shall be less than or equal to the quantity as requested by the applicant.
•Further the said TRQ allocation shall be subject to a 6-monthly review. In cases where the TRQ utilization is found to be <= 25% in the said review process, 50% of the balance TRQ quantities shall be deemed to be considered as surrendered and shall be considered for re-allocation to other TRQ allottees.
[Notice No. 12/2023]
