Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Guidelines for applying/obtaining quota for export of sugar to USA under Tariff rate quota (TRQ).

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dated April 20, 2015 issued by Directorate General of Foreign Trade, Department of Commerce, Govt. of India, New Delhi (DGFT) the export of Sugar to USA under TRQ is allowed subject to the following conditions: 1. The quota will be operated by Agricultural and Processed Food Products Export Development Authority (APEDA), New Delhi. 2. This will be subject to quantitative ceiling notified by DGFT from time to time. 3. The exporters shall be required to furnish the details of actual exports (viz. quantity, value, destination, name and address of foreign buyers etc.) to APEDA, New Delhi. 4. Certificate of Origin, if required, shall be issued by additional DGFT, Mumbai. For the US fiscal year 2015 ending on September 30, 2015, a quantity .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eived by June 20, 2015 will be taken and Registration-cum-Allocation-Certificate (RCAC) issued by APEDA in 3 working days. In case, any balance quantity of quota is available after this allocation same procedure would be adopted on monthly basis till allocations are made and RCAC issued for total available quota quantity for the sugar year ending September 30, 2015. (iv) The application would be accompanied by a Bank Guarantee in the format as per Annexure II, in Indian Rupees for an amount equivalent to 5% of the value of the quota quantity at the FOB price applied for. (v) Processing charges of ₹ 10 per MT of the quantity applied for shall be paid by the applicants. This amount shall be paid by Demand Draft/pay Order drawn in favo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ty to be announced on APEDA website by First day of the next month as per clause (ii) above. Krishan Kumar Chairman New Delhi May 5, 2015 Annexure-I Application for Obtaining Quota for Export of Raw Sugar( at 98 degree pol) to USA under TRQ 1. Name /Address of the : Applicant Telephone/Fax Email address 2. APEDA/FIEO Registration NO: 3. I .E. Code No: 4. Quantity Applied for in MT: 5. FOB Price USD/MT: 6. Performance Guarantee Amount (5% of total FOB value of quantity applied for): Rs 7. Date & Validity of Performance Guarantee (minimum 180 days from the date of application): 8. Name and address of Importer 9. Port of Shipment In India: 10. Port of Destination: Declaration: (i) We certify that all information furnished .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tee equivalent to 5% of the total FOB value of the quantity applied for in Indian Rupees in terms of the above said Trade Notice. AND WHEREAS the exporter is required to export of raw sugar within period of the validity given in the Registration -cum-Allocation Certificate (RCAC) to be issued by APEDA. 1. We (name and address of a Scheduled Indian Bank) hereinafter called "THE BANK" do hereby undertake and promise to pay the APEDA, New Delhi an amount of Rs.__________ (Rupees ________________________________________________) in the event of failure of the exporter (i) to fulfill any condition of the RCAC or (ii) to fulfill the obligation to export the quantity allocated to M/s. ___________________________________ within the stipulated ti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rformance regarding export of Sugar to USA under TRQ, we shall be discharged from all liabilities under this guarantee further. 4. We, the _________________________ Bank further agree that the APEDA shall have the fullest liberty without consent and without affecting in any manner our obligation hereunder, to vary any of the terms and conditions of the said Trade Notice from time to time to postpone for any time or from time to time any of the powers exercisable by the APEDA against the said exporter and to forebear or enforce any of the terms and conditions of the said Order and we shall not be relieved from our liability by reasons of any such variation or extension being granted to the said exporter or forbearance act of omission on the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates