The Hindu Business Line : Concessional import quota for edible oils, corn unchanged

ALMOST two months after the beginning of the new financial year, the Directorate General of Foreign Trade has notified the procedure for import of various items under the Tariff Rate Quota.

In terms of public notice no. 13/2005 dated May 27, specified quantities of milk powder, maize (corn), crude sunflower or safflower oil and refined rapeseed or mustard oil will be allowed for import at specified concessional duty through designated agencies during fiscal 2005-06.

Entities allowed for allocation of quota for various items include NDDB, STC, NCDF, NAFED, MMTC, PEC and STCL, apart from CWC and State Co-operative Marketing Federations and State Co-operative Civil Supplies Corporations for the two edible oils.

The quantities and rates of duty are unchanged from last year.

Traders said the process of making an application was tedious and allocation of quota by the designated agencies lacked transparency.

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