74DMethod for issuing tariff rate quota certificates

74D Method for issuing tariff rate quota certificates

Kinds of India quota goods other than cotton (1) The first come, first served method applies for the purposes of issuing a tariff rate quota certificate in relation to a consignment of a kind of India quota goods (other than a consignment of cotton) for export to India in the initial quota year or a later quota year.

Note: The first come, first served method is set out in Part 1 of Chapter 2.

Cotton (2) Subject to subsections (3) and (4), the allocation method applies for the purposes of issuing a tariff rate quota certificate in relation to a consignment of cotton for export to India in the initial quota year or a later quota year.

Note: The allocation method is set out in Part 3 of Chapter 2.

(3) For the purposes of working out an applicant’s initial individual entitlement for cotton for export to India for the initial quota year and the quota year following the initial quota year, disregard the formula in subsection 32(1) and use the following formula: Start formula Standard access amount times 0.5 times start fraction Applicant's global past exports over All global past exports end fraction plus Standard access amount times 0.5 times start fraction Applicant's eligible past exports over All eligible past exports end fraction end formula where:

all eligible past exports is the total weight of all eligible past exports by all applicants for cotton for export to India for the quota year.

all global past exports is the total weight of consignments of cotton exported to all foreign countries (including to India) by all applicants during the period beginning on the 1 November that is 26 months before the start of the quota year and ending on 31 October of the calendar year before the quota year starts.

applicant’s eligible past exports is the total weight of the applicant’s eligible past exports for cotton for export to India for the quota year.

applicant’s global past exports is the total weight of consignments of cotton exported to all foreign countries (including to India) by the applicant during the period beginning on the 1 November that is 26 months before the start of the quota year and ending on 31 October of the calendar year before the quota year starts.

standard access amount is the standard access amount for cotton for export to India for the quota year.

(4) For the purposes of determining whether an applicant has an allocation penalty for cotton in a quota year, disregard paragraph 33(2)(a).