Date: |
28-10-2020
|
Notification No: |
Notification No. 40/2020-Customs
|
Issuing Authority: |
Indian Customs
|
Type: |
Tariff
|
File No: |
F. No. 354/105/2014-TRU |
Subject: |
Seeks to prescribe concessional Basic customs duty rate on potato imports with the prescribed quota (TRQ) till the 31st January, 2021.
|
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 40/2020-Customs
New Delhi, the 28th October, 2020
G.S.R……. (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 said Customs Tariff Act, 1975, as are specified in the corresponding entry in column (2)
of the said Table in such quantity of total imports of such goods in a financial year, as specified
in column (4) below (herein after referred to as the ‘tariff rate quota (TRQ) quantity’), when
imported into India, from so much of the duty of customs leviable thereon under the said First
Schedule as is in excess of the amount calculated at the rate specified in the corresponding
entry in column (5) of the said Table (herein after referred to as the In-quota tariff rate), subject
to any of the conditions, specified in the Annexure to this notification, the condition number of
which is mentioned in the corresponding entry in column (6) of the said Table, namely: -
Table
S.No. |
Sub-heading or tariff item |
Description of goods |
Tariff rate quota quantity |
In-quota tariff rate |
Condition No. |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
1. |
0701 |
Potatoes |
10,00,000 MT |
10% |
1 |
Provided that nothing contained in this notification shall apply to the goods specified against
serial number 1 of the said Table after the 31st day of January 2021.
[F. No. 354/105/2014-TRU]
(Gaurav Singh)
Deputy Secretary to the Government of India
|
|