By A V International December 14, 2023

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 31^st March, 2024. Import Consignments where Customs out-of-charge is issued after 31^st March, 2024 shall not be considered “Free”.
With effect from 1^st 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 31^st 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 31^st March, 2024. Import Consignments where Customs out-of-charge is issued after 31^st March, 2024 shall not be considered “Free”.

b). With effect from 1^st 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 31^st March 2024 shall be allowed subject to compulsory registration under the Import Monitoring System.