DGFT Allows Import Of Yellow Peas After Registration Under Monitoring System

The Directorate General of Foreign Trade (DGFT) has allowed the import of yellow peas after registration under a monitoring system.“Import of Yellow Peas under ITC (HS) Code 07131010 is “free” without the MIP condition and without port restriction, subject to registration under the Import Monitoring system, with immediate effect for all import consignments where a Bill of Lading (Shipped on Board) is issued on or before April 30, 2024,” the notification read.As per the existing policy, imports are 'free' without the MIP condition and without port restriction for the period up to March 31, 2024. Import consignments where customs out-of-charge is issued after March 31, 2024 shall not be considered 'Free'.With effect from April 1, 2024, the 'Restricted' Import Policy and associated policy conditions as existing prior to this notification shall come into force. All imports of yellow peas during this period up to March 31, 2024, shall be subject to compulsory registration under the Import Monitoring System.However, as per the Revised Policy Condition, Import is 'Free' without the MIP condition and without Port Restriction for Import consignments where a Bill of Lading (Shipped on Board) has been issued on or before April 30, 2024.Imports where Bill of Lading (Shipped on Board) is issued after April 30, 2024 shall be 'Restricted' and associated Import Policy Conditions as existing prior to DGFT Notification 50/2023 dated December 8, 2023 shall come into force.All imports of yellow peas where the Bill of Lading (Shipped on Board) is dated on or before April 30, 2024, shall be subject to compulsory registration and uploading a copy of the Bill of Lading under the Import Monitoring System.Notification No. 61/2023 Click Here To Read Notification

DGFT Allows Import Of Yellow Peas After Registration Under Monitoring System

Mariya Paliwala

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