The government plans to initially import 0.5 mnt of calcined petroleum coke (CPC) and 1.4 mnt of raw petroleum coke (RPC) for financial year 2022-23 (FY’23), as per a Director General of Foreign Trade (DGFT) notice.
The annual volume of imports will be available for industrial units in the aluminum and CPC manufacturing industries.
The import consignment must be completed by 31 Mar’22 as applicants are required to submit utilisation of import licence issued to them for FY22.
The Exim Facilitation Committee of DGFT will evaluate the applications and grant the import authorisation allocating the quota for which the licence would be issued by DGFT.
As per the notification, if the importer is unable to utilise/import the allocated quantity for which the licence was issued, then the e applicant will be obliged to intimate the same to DGFT by 31 Dec’22 in order to distribute the unutilised quota to other applicants.
“If the quantity allocated during FY’23 is not utilised or surrendered to the government, the quantity left unutilised will be deducted from the quota for which the applicant would be eligible in FY24,” it added.
The government also issued notification for licence holders to keep DGFT informed of the details of import consignments which include the import quantity, source, date of import, and the bill of entry.
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