Home India Ministry of Commerce and Industry Extension in import period for Yellow Peas under ITC HS Code...
Date: 05-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

Extension in import period for Yellow Peas under ITC HS Code 07131010 of Chapter 07 of ITC HS 2022 Schedule I Import Policy

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The notification amends the import policy conditions for yellow peas under ITC(HS) Code 07131010. It extends the period during which yellow peas can be imported freely without Minimum Import Price (MIP) condition and port restrictions, subject to registration under the Import Monitoring System.

Key Changes

  • The import of yellow peas is 'Free' without the MIP condition and without port restrictions for consignments where the Bill of Lading (Shipped on Board) is issued on or before June 30, 2024. This was previously April 30, 2024.
  • Imports where the Bill of Lading is issued after June 30, 2024, will be 'Restricted', and the import policy conditions existing prior to DGFT Notification 50/2023 dated December 8, 2023, will apply.
  • All imports of yellow peas with a Bill of Lading date on or before June 30, 2024, are subject to compulsory registration under the online Import Monitoring System.
  • Notification No. 04/2023, dated April 5, 2024, extends the import period for yellow peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022, Schedule –I (Import Policy).

Impact Analysis

Importers

  • Action Item: Importers should expedite shipments to ensure Bills of Lading are dated before the June 30, 2024 deadline. They should also familiarize themselves with and comply with the Import Monitoring System registration requirements.

Consumers

  • Stable supply due to extended import window will ensure availability of yellow peas.

Government

  • The Department of Commerce and the Directorate General of Foreign Trade (DGFT) are responsible for implementing and overseeing the revised import policy.

Traders

  • Action Item: Traders should update their strategies based on the extended import period and ensure compliance with the Import Monitoring System.

Key Entities Referenced

Central Government: The entity issuing the notification and responsible for amending the import policy for yellow peas. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and enforcing the foreign trade policy. Ministry of Commerce and Industry: The ministry overseeing the Department of Commerce and the DGFT. Foreign Trade (Development & Regulation) Act, 1992: The primary legislation authorizing the government to regulate foreign trade. Foreign Trade Policy (FTP) 2023: The overarching policy framework guiding India's foreign trade. ITC(HS) Code 07131010: The specific code under the Indian Trade Classification (Harmonized System) that identifies yellow peas. Notification No. 50/2023 dated 08.12.2023: Previous notification related to import policy conditions for yellow peas. Notification No. 61/2023 dated 23.02.2024: Previous notification related to import policy conditions for yellow peas. Import Monitoring System: Online system for compulsory registration of yellow peas imports.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06042024-253585 xxxGIDHxxx CG-DLxx-xEG-I0D6E0x4x2x0 24-253585 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1550] नई दिल्ली, िुक्रवार, अप्रलै 5, 2024/चत्रै 16, 1946 No. 1550] NEW DELHI, FRIDAY, APRIL 5, 2024/CHAITRA 16, 1946 ub Z fnYyh] 5 vizSy] 2024 I का. le;≤ ij ;Fkk la'kksf/kr 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, vkSj fnukad 08-12- 2023 dh vf/klwpuk la- 50@2023 vkSj fnukad 23-02-2024 dh vf/klpw uk la[;k 61@2023 ds Øe es a dsUn z ljdkj ,rn~}kjk vkbZVhlh ¼,p,l½] 2022 dh vulq pw h&I ¼vk;kr uhfr½ ds v/;k; 07 ds vkbVhlh ¼,p,l½ dksM 07131010 ds vra xZr ihyh eVj ds fy, vk;kr uhfrxr 'kr Z es a fuEukuqlkj la'kks/ku djrh gS% ¼ifjorZu eksVs v{kjksa e sa fd, x, gS½ 07131010 -- d½ vk;kr [ksi ds fy, ,evkbZZih 'krZ ds fcuk vkSj d½ vk;kr [ksi ds fy, ,evkbZZih 'krZ ds fcuk vkSj ihyh eVj iÙku izfrca/k ds fcuk vk;kr ^eqDr^ gS tgka ynku fcy iÙku izfrc/ak ds fcuk vk;kr ^eqDr^ gS tgka ynku ¼iksrynku fd;k x;k½ fnukad 30 vizSy] 2024 dks fcy ¼iksrynku fd;k x;k½ fnukad vFkok blls igys tkjh fd;k x;k gSA dks vFkok bll s igys tkjh fd;k x;k gSA [k½ vk;kr tgka ynku fcy ¼iksrynku fd;k x;k½ [k½ vk;kr tgka ynku fcy ¼iksrynku fd;k x;k½ fnukad 30 vizSy] 2024 ds ckn tkjh fd;k x;k gks fnukad ds ckn tkjh fd;k x;k gks 2444 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ^izfrcaf/kr^ jgsxk vkSj fnukad 08-12-2023 dh Mhth,QVh ^izfrcaf/kr^ jgsxk vkSj fnukad 08-12-2023 dh vf/klwpuk la- 50@2023 l s igy s ;Fkk ekStwn lca af/kr Mhth,QVh vf/klwpuk la- 50@2023 ls igy s ;Fkk vk;kr uhfrxr ’krZs ykxw gksxhA ekStwn lacaf/kr vk;kr uhfrxr 'krZs ykx w gksxhA x½ ihyh eVj dk lHkh vk;kr tgka ynku fcy x½ ihyh eVj dk lHkh tgka ynku fcy ¼iksrynku fd;k x;k½ fnukad 30 vizSy] 2024 ;k bll s ¼iksrynku fd;k x;k½ fnukad igy s frfFk dk gS vk;kr fuxjkuh iz.kkyh ds rgr ;k bll s igys frfFk dk gS vfuok; Z iathdj.k ds v/khu gksxkA vk;kr fuxjkuh iz.kkyh ds rgr vfuok; Z iathdj.k ds v/khu gksxkA % vkbVhlh ¼,p,l½ dksM 07131010 ds rgr ihyh eVj dk vk;kr ,evkbih 'kr Z ds fcuk vkSj iÙku izfrca/k ds fcuk lHkh vk;kr [ksi tgka ynku fcy ¼iksrynku fd;k x;k½ fnukad 30 twu] 2024 dks ;k blls igys tkjh fd;k x;k gS ds fy, rRdky izHkko ls vk;kr fuxjkuh iz.kkyh ds rgr iathdj.k ds v/;/khu ^eqDr^ gSA bl s okf.kT; ,oa m|ksx ea=h ds vuqeksnu l s tkjh fd;k tkrk gSA [फा. सं. ,e&5012@300@2002@ihlh&2[d]@Hkkx&VI@bZ&9019] lra ks"k dqekj lkjaxh, Ekgkfuns'kd, fon's k O;kikj ,o insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION New Delhi, the 05th April, 2024 No. 04/2023 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. 1633(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 and No. 61/2023 dated 23.02.2024, 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:- (Changes made are in bold letters) ITC(HS) Code Existing Policy Condition Revised Policy Condition & Item 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 Import consignments where without Port Restriction, for Import consignments where Bill of Lading (Shipped on Board) has been issued on or Bill of Lading (Shipped on Board) has been issued on or before 30th April 2024. before 30th June 2024. b) Imports where Bill of Lading (Shipped on Board) is b) Imports where Bill of Lading (Shipped on Board) is issued after 30thApril 2024 shall be ‘Restricted’ and issued after 30th June 2024 shall be ‘Restricted’ and associated Import Policy Conditions as existing prior to associated Import Policy Conditions as existing prior to DGFT Notification 50/2023 dated 08.12.2023 shall the DGFT Notification 50/2023 dated 08.12.2023 shall come into force. come into force. c) All Import of Yellow Peas where Bill of Lading c) All imports of Yellow Peas where Bill of Lading (Shipped on Board) is dated on or before 30th April (Shipped on Board) is dated on or before 30th June 2024 2024 shall be subject to compulsory registration under shall be subject to compulsory registration under the the Import Monitoring System. online Import Monitoring System.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 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 online Import Monitoring System, with immediate effect tor all import consignments where Bill of Lading (Shipped on Board) is issued on or before 30th June 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.

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