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Seeks to prescribe concessional Basic customs duty rate on potato imports with the prescribed quota (TRQ) till the 31st January, 2021. - 40/2020 - Customs -Tariff

Extract

..... MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 40/2020-Customs New Delhi, the 28th October, 2020 G.S.R. 681(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts 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 s .....

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Seeks to prescribe concessional Basic customs duty rate on potato imports with the prescribed quota (TRQ) till the 31st January, 2021. - 40/2020 - Customs -Tariff

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..... RQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the Hand Book of Procedure 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. .....

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Seeks to prescribe concessional Basic customs duty rate on potato imports with the prescribed quota (TRQ) till the 31st January, 2021. - 40/2020 - Customs -Tariff

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