DGFT introduces online system for importers to seek tariff rate quota



The Economic Times

The commerce ministry’s arm DGFT has introduced an online system for traders who seek tariff rate quota (TRQ) for imports, a move aimed at promoting ease of doing business in the country.

The TRQ is a mechanism that allows import of a set quantity of specific products. Tariff quotas are used on a wide range of products but most are in the agriculture sector. Cereals, meat, fruit and vegetables, and dairy products are the most common, and sugar is also protected in most producing countries.

The Directorate General of Foreign Trade (DGFT) in a trade notice has said that it has prepared a new online module, e-TRQ System, for processing applications.

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