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Tariff Related Quota – Implementation in System - Customs - PUBLIC NOTICE NO. -142/2020

Extract

..... y No. 43/2020 dated 23.11.2020 issued by Directorate General of Systems and Data Management, CBIC. 2. Kind reference is invited to CBIC’s notifications 28/2020 dated 23.06.2020 and 40/2020 dated 28.10.2020 where concessional rate for BCD has been notified for certain items provided that the quantity of total imports of such goods in a financial year do not exceed the tariff rate quota (TRQ) quantity as specified in the notifications 3. The annexures to the notifications also specify the co .....

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..... icense by the system like licenses of other schemes. The appraising officer will also be able to see the TRQ license details and debit quantity during assessment or later in the license ledger. 5. If the license details are not given in the BE or the import quantity allowed in the license is already exhausted in the previous BEs, the use of the notification benefit would not be allowed by the System and the importer would be able to import only at the tariff rate of the duty. 6. Since it is a ne .....

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