TMI BlogTRQ for Raw Sugar: Amendment in import policy of raw sugar classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017-Schedule-1 (Import Policy)X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 and 2.01 of the Foreign Trade Policy, 2015-2020 , as amended from time to time, the Central Government hereby inserts import policy condition on 'Raw Sugar' classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017- Schedule-1 (Import Policy) as under: Exim Code Item Description Policy Existing Policy Conditions Revised Policy Condition 170114 Raw Sugar Free - Import of items under Exim Code 170114 is Free . However, import up to 3 Lakh MT of raw sugar is subject to Tariff Rate Quota Scheme @ 25% Customs Duty) as per conditions laid down be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the application shall be submitted to Regional Authority concerned and to DGFT Hqrs. (Import Cell), Udyog Bhawan, New Delhi. Application fee for these applications shall be paid according to procedure as per Appendix 2K of Appendices Aayat Niryat Forms. For each refining/processing unit, applicants shall give self declaration of its refining/processing capacity while providing self certified copy of latest IEM issued by DIPP and/or any other document indicating its refining/processing capacity. b. Applicants intending to import under this notification must also indicate in its application the quantum applied in response to the Notification No. 1 dated 5th April, 2017 ; the quantum allotted and total imports made by the applicant fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter shall convert raw sugar into white/refined sugar within a period, not exceeding 30 days from the date of bill of entry or the date of entry inwards, whichever is later. iii. . Validity of Quota : TRQ benefit (25% Customs tariff) under this Notification shall be available upto 60 (sixty) days from the date of issue of license as per Section 15 of the Customs Act, 1962. iv. Penalty: If, after obtaining license under TRQ, the applicant fails to utilize the quota fully/partially, the applicant shall surrender the unutilized quantity to DGFT at sugarimporttrq-dgft@nic.in by 25th September, 2017. In such a case, the applicant will be liable for a penalty of 0.5% of the CIF value of the unutilized quota. Failure to intimate the u ..... X X X X Extracts X X X X X X X X Extracts X X X X
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