homebusiness NewsGovt makes it mandatory to register import of yellow peas under import monitoring system till March 2024
Govt makes it mandatory to register import of yellow peas under import monitoring system till March 2024
From April 1, 2024, the Directorate General of Foreign Trade (DGFT) said that the restricted import policy and associated policy conditions will come into effect.
The government has made it mandatory to register import of yellow peas under the import monitoring system till March 31 next year, according to a notification.
The move is aimed at increasing domestic availability of the commodity.
From April 1, 2024, the Directorate General of Foreign Trade (DGFT) said that the restricted import policy and associated policy conditions will come into effect.
"Imports of yellow peas… is free subject to registration under the import monitoring system with immediate effect for the period up to March 31, 2024. MIP (Minimum Import Price) conditions and port restrictions shall also not to be applicable to such yellow peas import for the period up to March 31, 2024," the DGFT notification has said.
Till now, the import was subject to an annual (fiscal year) quota MIP of Rs 200 and above CIF (cost, insurance, freight) per kilogramme, and import is allowed through Kolkata Sea port only.
India imported USD 0.14 million worth of yellow peas in 2022-23, all from Russia.
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