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Core Purpose

Notification amending the Import Policy condition for Yellow Peas under ITC(HS) Code 07131010, extending the period for 'Free' import treatment.

Detailed Summary

The Directorate General of Foreign Trade, Ministry of Commerce and Industry (Department of Commerce), issued Notification No. 61/2023 (S.O. 846(E)) dated 23rd February 2024, in exercise of powers under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, and in continuation of Notification No. 50/2023 dated 8th December 2023, amending the Import Policy condition for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule-I (Import Policy). Under the revised condition, import of Yellow Peas remains 'Free' without MIP condition and without port restriction for consignments where the Bill of Lading (Shipped on Board) is issued on or before 30th April 2024 (previously the 'Free' window was fixed at up to 31st March 2024, with 'Restricted' policy applying where Customs out-of-charge issued after that date); imports where the Bill of Lading is issued after 30th April 2024 become 'Restricted', subject to the import policy conditions existing prior to Notification No. 50/2023; and all such imports up to that date remain subject to compulsory registration, now including uploading of the Bill of Lading copy, under the Import Monitoring System. Revised registration procedures are to be notified separately. The notification was issued with the approval of the Minister of Commerce & Industry and signed by Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-24022024-252356 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 807] NEW DELHI, FRIDAY, FEBRUARY 23, 2024/PHALGUNA 4, 1945 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd February, 2024 No. 61/2023 Subject: Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022, Schedule –I (Import Policy). S.O. 846(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, and in continuation to Notification No. 50/2023 dated 08.12.2023, the Central Government hereby amends Import Policy conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule -I (Import Policy) as under- +----------------------+------------------------------------------------------------+------------------------------------------------------------+ | ITC(HS) Code & | Existing Policy Condition | Revised Policy Condition | | Description | | | +======================+============================================================+============================================================+ | 07131010-- | a) Import is 'Free' without the MIP condition and | a) Import is 'Free' without the MIP condition and | | Yellow Peas | without Port Restriction, for the period up to 31st | without Port Restriction, for Import consignments | | | March 2024. Import consignments where Customs out- | where Bill of Lading (Shipped on Board) has been | | | of-charge is issued after 31st March 2024 shall not be | issued on or before 30th April 2024. | | | considered as 'Free'. | | | | | | | | b) With effect from 1st April 2024, the 'Restricted' | b) Imports where Bill of Lading (Shipped on Board) is | | | Import Policy and associated Policy conditions as | issued after 30th April 2024 shall be 'Restricted' and | | | existing prior to this Notification shall come into force. | associated Import Policy Conditions as existing prior to | | | | DGFT Notification 50/2023 dated 08.12.2023 shall | | | | come into force. | | | | | | | c) All import of Yellow Peas during this period up to | c) All Import of Yellow Peas where Bill of Lading | | | 31st March 2024 shall be allowed subject to compulsory | (Shipped on Board) is dated on or before 30th April | | | registration under the Import Monitoring System. | 2024 shall be subject to compulsory registration and | | | | uploading the copy of Bills of Lading under the Import | | | | Monitoring System. | +----------------------+------------------------------------------------------------+------------------------------------------------------------+ 2. Revised 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" without the MIP condition and without Port Restriction, subject to registration under the Import Monitoring system, with immediate effect for all Import Consignments where Bill of Lading (Shipped on Board) is issued on or before 30th April 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 Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. Digitally signed by MANOJ KUMAR VERMA Date: 2004.02.24

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