Central Govt. amends Import Policy and Policy Conditions for Yellow Peas
The Central Government amends the Import Policy and the Policy Conditions for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022.
The amendment states that –
- Import is “Free” without the Minimum Import Price condition and without Port Restriction, for the period up to 31st March, 2024. Import Consignments where Customs out-of-charge is issued after 31st March, 2024 shall not be considered “Free”.
- With effect from 1st April, 2024 the “Restricted” import policy and the associated policy conditions as existing prior to this Notice comes into force.
- All Import of Yellow Peas during this period up to 31st March 2024 shall be allowed subject to compulsory registration under the Import Monitoring System.
|
HS Code & Description |
Existing Import Policy |
Existing Policy Condition |
Revised Import Policy |
Revised Policy Condition |
|
07131010 – Yellow Peas |
Restricted |
Import of Peas shall be subject to an annual (fiscal year) quota Minimum Import Price (MIP) of Rs. 200/- and above CIF per kilogram and import is allowed through Kolkata Sea port only. This restriction shall not apply to governments import commitments under any Bilateral or Regional Agreement or Memorandum of Understanding. |
Free |
a). Import is “Free” without the Minimum Import Price (MIP) condition and without Port Restriction, for the period up to 31st March, 2024. Import Consignments where Customs out-of-charge is issued after 31st March, 2024 shall not be considered “Free”. b). With effect from 1st April, 2024 the “Restricted” import policy and the associated policy conditions as existing prior to this Notice comes into force. c). All Import of Yellow Peas during this period up to 31st March 2024 shall be allowed subject to compulsory registration under the Import Monitoring System. |
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