yellow peas import: India extends free import of yellow peas until October 2024

New Delhi: India has prolonged the free import of yellow peas by 4 extra months till October 2024, the Directorate Common of International Commerce (DGFT) stated in a notification including that the import is permitted with out the Minimal Import Worth (MIP) and port restriction circumstances.

In December final yr, the authorities allowed duty-free imports of yellow peas till March 2024 which was prolonged until April after which June.

“Import of yellow peas…is free with out the MIP situation and with out port restriction, topic to registration beneath on-line Import Monitoring System, with quick impact for all import consignments the place Invoice of Lading (shipped on board) is issued on or earlier than October 31, 2024,” the DGFT stated.

Import of yellow peas is allowed after registration beneath the import monitoring system for all consignments the place invoice of lading (shipped on board) is issued on or earlier than October 31.

In April-February FY24, the import of yellow peas was $235.92 million as towards $0.14 million in FY23.