Pulses Import Restriction Lifted
Toor, Moong and Urad Shifted from “Restricted” to “Free” with immediate
effect
·
Free
Policy will be in effect for only six months or so (till 31st Oct 2021).
·
Stop-go
Policy Hits Market, Sudden Policy Reversed after Madras High Court Frown on
Licensing Barriers
·
One
month grace for past commitments, All consignments to be cleared before 30th
Nov 2021 and BL date should be 31st Oct or before
·
Modi
reverses pulse policy, removes import licensing barrier to pull in supplies to
help consumer of tur arhar, urad
and moong. says, Go to hell, farmers..
·
About
turn, Signal change in mid-season.
·
Pending
Import Licence Applications Infructuous, No Refund of
Application Fee
·
Export
Prices in Growing Areas Rise as Domestic Market Falls
·
Consumer
may benefit as imports and fresh crop in local market may dampen consumer
price, Government gives up on playing to farmers gallery
·
Customs
calls upon field officers not to create hurdles in import, Consumer Affairs
department to watch import movement
·
Zero
duty FTA window from LDC countries is best option for importers
·
In
the meanwhile, pump price of fuel crosses Rs.100 mark due to farm surcharge
introduced last year.
[Department
of Commerce Gazette Notification dated 15 May 2021]
Effect
of the Notification: Import policy for Tur /Pigeon Peas (Cajanus Cajan); Moong [Beans of
the SPP Vigna Radiata (L.) Wilczek] and Urad [Beans of the
SPP Vigna Mungo (L.) Hepper]
is revised from “Restricted” to “Free” with immediate effect and for the period
up to 31st October 2021. Further, import consignments of these items with Bill
of Lading issued on or before 31st October, 2021 shall not be allowed by Customs
beyond 30th November 2021.
S.O.
1858(E).—In exercise of powers
conferred by section 3 read with section 5 of the Foreign Trade (Development
and Regulation) Act, 1992 (22 of 1992), read with paragraphs 1.02 and 2.01 of
the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central
Government, in supersession of Notification No.19/2015-20 dated 5th August,
2017; Notification No.22/2015-2020 dated 21st August, 2017; Notification S.O. 1266(E)
dated 19th March, 2021; and Notification S.O. 1372(E) dated 26th March, 2021,
hereby amends the import policy of the following items of Chapter 7 of ITC
(HS), 2017, Schedule – I (Import Policy) with immediate effect and for the
period up to 31st October 2021, as under:
|
Exim Code |
Item Description |
Existing Import Policy |
Revised Import policy |
|
0713 60 00 |
Tur /Pigeon Peas (Cajanus Cajan) |
Restricted |
Free |
|
0713 31 90 |
Moong [Beans of the SPP Vigna Radiata (L.) Wilczek] |
Restricted |
Free |
|
0713 3110 |
Urad [Beans of the SPP Vigna
Mungo (L.) Hepper] |
Restricted |
Free |
2.
Further, for import of the above-mentioned three items, Bill of Lading should
be issued on or before 31st October, 2021 and import of such consignment shall
need to be cleared from Customs on or before 30th November, 2021.
[F. No.
14/1/2021-EP(Agri-III)]