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Trading firms can apply for feed-grade corn import by May 31: ComMin

Press Trust of India  |  New Delhi 

The has extended the timeline till May 31 for (STEs) to submit applications for the import of feed-grade or corn.

The of Foreign Trade (DGFT), under the ministry, in a notice said that applications were invited from for importing feed-grade under the TRQ (tariff rate quota) scheme at 15 per cent customs duty during 2019-20 fiscal year.

The imports were allowed only for poultry firms on an actual user basis. As were not able to submit applications till April, they have sought an extension of the timeline.

"The last date for filing applications for import of feed-grade by the is extended till May 31 this year," it said.

In April, the directorate permitted the import of feed grade maize at a concessional import duty of 15 per cent with a view to meeting shortage of poultry feed in the country.

Import of up to 1 lakh tonne feed grade maize is allowed on actual user condition.

This decision was taken after the government received many representations from the poultry sector, highlighting an unprecedented shortage of feed grade maize mainly because of drought, pest attack and a significant reduction in cultivable areas.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 15:26 IST
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