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Core Purpose

DGFT notification temporarily liberalising the import policy for Yellow Peas under ITC(HS) Code 07131010, removing the Minimum Import Price and port restriction until 31st March 2024.

Detailed Summary

In Notification No. 50/2023 (S.O. 5226(E)) dated 8th December 2023, the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, exercising powers under Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, amends the import policy and policy conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule-I (Import Policy): whereas the existing policy was "Restricted," subject to an annual fiscal-year quota, a Minimum Import Price (MIP) of Rs. 200 or above CIF per kilogram, and import permitted only through Kolkata Sea port, the revised policy makes import "Free" without the MIP condition and without port restriction for the period up to 31st March 2024 (consignments with Customs out-of-charge issued after that date are not treated as Free), provides that from 1st April 2024 the prior "Restricted" policy and conditions resume, and requires all Yellow Peas imports up to 31st March 2024 to undergo compulsory registration under the Import Monitoring System, with prior-registration procedures to be notified separately; the notification is issued with the approval of the Minister of Commerce & Industry, under F. No. M-5012/300/2002/PC-2[A]/Part-VI/E-9019, and signed by Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary.

Full Text

7592 GI/202 3 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY ubZ fnYyh] 8 fnlEcj] 2023 I .—le;≤ ij fons' k O;kikj uhfr 2023 ds iSjk 1 -02 vkSj 2 -01 ds lkFk ifBr fons' k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 5 }kjk iznÙk 'kfDr;ksa dk iz;ksx djrs gq,] dsUnz ljdkj ,rn~}kjk vkbZVhlh ¼,p,l½] 2022 dh vuqlwph& I ¼vk;kr uhfr½ ds v/;k; 07 ds rgr vkbZVhlh ¼,p,l½ dksM 07131010 ds varxZr ihyh eVj ds fy, vk;kr uhfr vkSj uhfrxr “krZ esa fuEukuqlkj la'kks/ku djrh gS& 07131010 —ihyh eVj izfrcaf/kr eVj dk vk;kr okf"kZd ¼jktdks’kh; o"kZ½ dksVk U;wure vk;kr ewY; ¼,evkbZih½ 200@& vkSj bll s vf/kd lhvkbZ,Q çfr fdyksxzke #i;s ds v/khu gksxk vkSj vk;kr dsoy dksydkrk eqDr d½ 31 ekpZ 2024 rd dh vof/ k ds fy, ,evkbZih 'krZ ds fcuk vkSj iÙku çfrca/k ds fcuk vk;kr ^eqä^ gSA vk;kr [ksiksa dks tgka 31 ekpZ] 2024 ds ckn lhek No. 4997] NEW DELHI, FRIDAY , DECEMBER 8, 2023/ AGRAHAYANA 17, 1945 CG-DL-E-08122023-250508 leqæh iÙku ds ek/;e ls vuqer gSA ;g çfrca/k fdlh Hkh f}i{kh; ;k {ks=h; le>kSrs ;k le>kSrk Kkiu ds rgr ljdkj dh vk;kr çfrc)rkvksa ij ykxw ugha gksxkA pktZ* tkjh fd;k tkrk gS mls ^eqä^ ugha ekuk tk,xkA [k½ 1 vçSy 2024 ls] bl vf/klwpuk ls igys ekStwn ^çfrcaf/kr^ vk;kr uhfr vkSj lacaf/kr uhfrxr 'krsaZ ykxw gksaxhA x½ bl vof/k ds nkSjku 31 ekpZ 2024 rd ihyh eVj ds lHkh izdkj ds vk;kr dh vuqefr gksxh] tks vk;kr fuxjkuh ç.kkyh ds rgr vfuok;Z iathdj.k ds v/khu gksxkA 2-vk;kr fuxjkuh ç.kkyh ds rgr ihyh eVj dh [ksi ds iwoZ iathdj.k ds laca/k esa çfØ;k,a vyx ls vf/klwfpr dh tk,axhA vkbZVhlh ¼,p,l½ dksM 07131010 ds rgr ihyh eVj dk vk;kr 31 ekpZ 2024 rd dh vof/k ds fy, rRdky çHkko ls] vk;kr fuxjkuh ç.kkyh ds rgr iathdj.k ds v/khu ^^eqDr^^ gSA ,evkbZih dh 'krZ vkSj iÙku çfrca/k 31 ekpZ 2024 rd dh vof/k ds fy, ,sls ihyh eVj ds vk;kr ij ykxw ugha gksaxsA bls okf.kT; ,oa m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [Qk- la- ,e&5012@300@2002@ihlh&2 [d]@Hkkx& VI@bZ&9019 ] larks"k dqekj lkjaxh] Ekgkfuns'kd] fons' k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE ) NOTIFICATION New Delhi, the 8th December, 2023 No. 50/2023 Subject : Amendment of Import Policy and Policy Conditio ns for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule –I (Import Policy). S.O. 5226 (E).—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended from time to time, the Central Government hereby amends Import Policy and Policy conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule –I (Import Pol icy) as under – ITC(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 Pric e (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 MIP condition and without Port Restriction,for the period up to 31st March 2024.I mport consignments where Customs out-of-charge is issued after 31st March 2024 shall not be considered as ‗Free‘. b) With effect from 1st April 2024, t he ‗Restricted‘ Import Policy and associated Policy conditions as existing prior to this Notification shall come into force. c) All import of Yellow Peas during this period up to 31st March 2024 shall be allowed, subject to compulsory registration under th e Import Monitoring System. 2. Procedures in regard to prior registration of Yellow Peas consignments under the Import Monitoring System shall be notified separately. Effect of the Notification: Import of Yellow Peas under ITC(HS) Code 07131010 is ―Free ‖ subject to registration under the Import Monitoring system, with immediate effect for the period up to 31st March 2024. MIP condition and Port Restriction shall also not be applicable to such Yellow Peas imports for the period up to 31st March 2024. This is issued with the approval of the Minister of Commerce & Industry. [F. No. M-5012/300/2002/PC -2[A]/Part -VI/E -9019] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- officio Addl. Secy . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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