Public Notice No. 69 (RE-2006)/2004-09 dated 21/11/2006

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i) The Public Notice No.17 (RE-2006/2004-09) dated 2nd June 2006 is hereby withdrawn.

 

2[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.  However, the total quantum of import of vanaspati including bakery shortening and margarine under the agreement shall be restricted to 3,12,500 MT for the year 2007-08. This shall be allocated in four equal quarterly installments. These imports shall be permitted subject to the following arrangements/procedure: -]

 

Old1[1. The total quantum of import of vanaspati including bakery shortening and margarine under Indo-Sri Lanka Free Trade Agreement shall be restricted to 3,12,500 MT for the year 2007-08 in four equal quarterly installments to be spread on monthly basis.]

Old[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.

3[Applications shall be submitted to DGFT on quarterly basis 15 days prior to start of new quarter i.e for quarter July-September application shall be submitted to DGFT by 15th June. However, for quarter ‘July-September’ of licensing year 2007-08 last date of application is 20th July 2007.]

 

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.

3[Applications shall be submitted to DGFT on yearly basis 15 days prior to start of new licensing year i.e for 2008-09 application shall be submitted by 15th March, 2008. (However, for licensing year 2007-08 last date of application is 20th July 2007.)]

 

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)

1. Amended vide Public Notice No. 04 (RE-2007)/2004-09 Dated 7/5/2007

 

2. Amended vide Public Notice No. 13 (RE-2007)/2004-09 Dated 2/7/2007

 

3. Added vide Public Notice No. 13 (RE-2007)/2004-09 Dated 2/7/2007