Sponsored
    Follow Us:
Sponsored

Annual Quota of 4 Lakh MT of Urad for the fiscal year 2021-22 is notified and will be allowed to be imported by Millers/ Refiners/ Traders. The same will be distributed equally to a pre-determined number of applicants through an algorithm based lottery system.

MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
NOTIFICATION
New Delhi, the 26th March, 2021

S.O. 1372(E).—In exercise of powers conferred by section 3 read with section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government, in partial modification of Notification S.O. 1017(E) dated 3rd March, 2021, hereby notifies that for the quota of 4 Lakh MT for import of Urad [Beans of the SPP Vigna Mungo (L.) Hepper] under HS Codes 0713 3110, 0713 9010 and 0713 9090 of Chapter 7 of ITC (HS), 2017, Schedule – I (Import Policy), import policy of which is “Restricted”; for the fiscal year 2021-22, imports will be allowed to the Millers/ Refiners/ Traders and quota will be allocated equally to pre-determined numbers of applicants, through an algorithm based lottery system, as per procedure to be notified separately, by the Directorate General of Foreign Trade.

2. Effect of the Notification: Annual Quota of 4 Lakh MT of Urad for the fiscal year 2021-22 is notified and will be allowed to be imported by Millers/ Refiners/ Traders. The same will be distributed equally to a pre-determined number of applicants through an algorithm based lottery system.

[F. No. 14/1/2021-EP (Agri-III)]
DIWAKAR NATH MISRA, Jt. Secy.

Note: The principal notification No. 36/2015-2020, dated the 17thJanuary, 2017 was published in the Gazette of India, Extraordinary vide S.O. 172(E), dated the 17th January, 2017 and last amended vide notification published in the Gazette of India, Extraordinary vide S.O. 1017 (E), dated the 3rd March, 2021.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031