ieport.com - India's Premier portal on
DGFT matters
----------------------------------------------------------------------------------------------------------
DGFT Public Notice No-69(RE-2006)/ 2004-09 dated
21.11.2006
Subject:- Procedure for import of Vegetable
Fats (Vanaspati), Pepper [ITC (HS) Code No.090411] and Desiccated Coconut [ITC
(HS) Code No.080111] under Indo-Sri Lanka Free Trade Agreement.
1. Attention is invited to Government of India, Ministry of
Finance (Department of Revenue) Notification No.26/2000-Customs dated 1.3.2000
(as amended from time to time relating to Indo-Sri Lanka Free Trade Agreement.
2. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade
Policy, 2004-09, as notified in the Gazette of India extraordinary Part II,
Section 3, Sub section (ii) as amended from time to time, the Director General
of Foreign Trade hereby notifies the following arrangement for import of
Vegetable Fats, Pepper and Desiccated Coconut under Indo-Sri Lanka Free Trade
Agreement:
i) The Public Notice No.17 (RE-2006/2004-09) dated 2nd June 2006 is hereby
withdrawn.
ii) The total quantum of import of vanaspati including bakery shortening and
margarine under Indo-Sri Lanka Free Trade Agreement shall be restricted to 2.5
lakh MT per annum. These imports will be permitted subject to the following
arrangements/procedure:-
a) The year in respect of these imports will the period 1st April to 31st March,
i.e. financial year of India. The quantum of imports of Vanaspati, Bakery
Shortening and Margarine for the year 2006-07 will be arrived at by deducting
the import of this item already made from Sri Lanka under the Agreement till the
date of issue of this Public Notice.
b) All desirous importers of these items may make their application for imports
to Exim Facilitation Committee in the Aayaat Niryaat Form of the Handbook of
Procedures in the Office of Director General of Foreign Trade, Udyog Bhavan, New
Delhi 110011. The application fee for these applications shall be paid according
to the procedure contained in Appendix 21B of Handbook of Procedures Vol.I
2004-09.
c) All applications must accompany a pre-purchase agreement from one of the
eligible exporter of vanaspati in Sri Lanka. The pre-purchase agreement must
indicate the quantity and the duration of fulfillment of the contract. The list
of eligible exporting entities of the item from Sri Lanka shall be decided by
the Govt. of Sri Lanka.
d) The determination of quarter-wise quantum of export of vanaspati from Sri
Lanka would be made between the concerned authorities in Sri Lanka and DGFT in
accordance with the understanding reached between two Governments on 14.11.2006.
Similarly, the indication of separate quantities of vanaspati, bakery shortening
and margarine would also be made by the Government of Sri Lanka in advance to
DGFT to facilitate issuance of import authorization in this regard.
e) At the time of clearance of the import consignment, the importer in India
must produce a Certificate of Origin issued by concerned authorities in Sri
Lanka.
iii) The total quantum of import of pepper [ITC (HS) Code No.090411] under
Indo-Sri Lanka Free Trade Agreement shall be restricted to 2500 MT per annum.
The total import of desiccated coconut [ITC (HS) Code No.080111] would be
restricted to 500 MT per annum at a concessional duty of 30% ( to be notified by
Ministry of Finance, Department of Revenue, Government Of India separately).
Import of these two items shall be subject to the following
arrangements/procedure: -
a) The year in respect of these imports will be the period 1st April to 31st
March i.e. financial year of India. The quantum of import of pepper for the year
2006-07 will be arrived at by deducting the import of this item already made
from Sri Lanka under the Agreement till the date of issue of this Public Notice.
b) All desirous importers of these items may make their application for imports
to Exim Facilitation Committee in the Aayaat Niryaat Form of the Handbook of
Procedures in the Office of Director General of Foreign Trade, Udyog Bhavan, New
Delhi 110011. The application fee for these applications shall be paid according
to the procedure contained in Appendix 21B of Handbook of Procedures Vol.I
2004-09.
c) At the time of clearance of the import consignment, the importer in India
must produce a Certificate of Origin issued by concerned authorities in Sri
Lanka.
This issues in public interest.
Sd/-
(B.S. MEENA)
DIRECTOR GENERAL OF FOREIGN TRADE
(Issued from F.No.01/53/162/1109/AM07/F-2/ILS)