Procedure for import Under the Tariff Rate Quota Scheme
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Attention is invited to Government of India, Ministry of Finance (Department of Revenue), Notification No. 21/2002-Customs dated 01.03 2002. As per it, import of four items viz., (1) Skimmed and whole milk powder, milk food for babies etc. (0402.10 or 0402.21) (2) Maize (corn): other (1005.90) (3) Crude sunflower seed or safflower oil or fractions thereof (1512.11) and (4) Refined rape, colza or mustard oil, other (1514.19 or 1514.99) is allowed in a financial year, up to quantities as well as such concessional rates of customs duty as indicated below:
S.No. | ITC Code No. & Item | Quantity of Quota | Concessional duty |
1. | Tariff Code No. 0402.10 or 0402.21 Skimmed and whole Milk Powder. Milk Food for babies etc. | 10,000 MTs | 15% |
2. | Tariff Code No. 1005.90 Maize (Corn): other | 5,00,000 MTs | 15% |
3. | Tariff Code No. 1512.11 Crude Sunflower seed or safflower oil or fractions thereof | 150,000 MTs | 50% |
4. | Tariff Code No. 1514.19 & 1514.99 Rape, Colza, Canola or Mustard Oil, Other (Refined) | 150,000 MTs | 45% |