Search Result for : Trq

The Dollar Business Bureau The US Department of Agriculture (USDA) had announced a non-country specific tariff rate quota (TRQ) for exporters of refined sugar from World Trade Organization (WTO) countries. Refined sugar of 1,82,000 metric tons raw value (MTRV) has been allocated for the US fiscal year of 2018, which begins on Oct 1, 2017 till September 30, 2018. Of the 182000 MTRV of sugar, 22000 MTRV of sugar (which also includes 1656 MTRV of specialty sugar) and an additional 160000, TRV for specialty sugars. Imports of organic and other specialty sugars are administered on a first-come-first serve basis in 5 tranches, as detailed below in the USTR report. On October 2, 2017, under the first tranche, 1656 MTRV of all types of specialty sugar ...

The Dollar Business Bureau The DGFT in its notification no., 52/2015-2020 issued on Dec 30, 2016, has increased the quantity of sugar to 8424 metric tonnes, under Tarriff Rate Quota being exported to the US. According to the new notification shipments can enjoy further low tariff than provided to them in June. “The Director General of Foreign Trade hereby allocates a quantity of 8424 MTs (Eight thousand four hundred and twenty four metric tons) of raw sugar (at 98 degree pol), out of nonlevy (Free Sale) quota for export under Tariff Rate Quota (TRQ) to USA for the US fiscal year 2017 (October 1, 2016 to September 30, 2017)”, the DGFT says in the notification. It is known that TRQ is a quota fixed by ...

The Dollar Business Bureau As per DGFT notification no.- 34/2015-2020 Dated 28th September, 2016, the Govt has fixed an export quota of 10,000 tonnes of white, raw or refined sugar to the EU under CXL concessions for 1 year beginning October 2016 to September 2017. As per notification no.- 3/2015-20 dated 20.04.2015, export of raw sugar, white or refined sugar to the EU and US is for free circulation under the CXL and TRQ quotas. The recent notification details that subject to the conditions notified in the ‘Nature of Restrictions’ in the 20th March 2015 notification, 20% Export duty is applicable on export of raw sugar, white or refined sugar w.e.f. 16 June, 2016 as notified by the Dept of Revenue. The notification ...

The Dollar Business Bureau The government on Tuesday announced the export quota of 10,000 tonnes of white sugar to the European Union (EU) and 8,424 tonnes of raw sugar to the United States (US) for providing benefits to exporters during the current year beginning October 2015. Traders get concessions on limited quantity of exports to these destinations under the existing CXL and Tariff Rate Quota (TRQ) provisions. “Release for free circulation for the quotas of CXL concession sugar shall be subject to the presentation of a certificate of origin issued by the competent authority,” the Directorate General of Foreign Trade (DGFT) said in a notification. A sudden increase of sugar prices in global markets has made exports viable to some extent ...

Source: PTI The government has permitted export of an additional 2,095 tonnes of raw sugar to the USA under the tariff rate quota (TRQ), which entitles shipments to enjoy low tariff. Earlier, 8,424 tonnes of raw sugar has been notified for export to the US under this quota. "Additional quantity of 2,095 MTs (tonnes) of raw cane sugar to be exported to the USA under TRQ up to 30.09.2015 has been notified," Director General of Foreign Trade said in a public notice. TRQ is a quota for a volume of exports that enters the US at low tariffs. After the quota is reached, a higher tariff is applied on additional imports. The additional quantity of the sweetener was allowed to the ...