The notification extends the import period for Yellow Peas under ITC(HS) Code 07131010, Chapter 07 of ITC(HS) 2022, Schedule –I (Import Policy).
Import of Yellow Peas is allowed without the Minimum Import Price (MIP) condition and without port restrictions, subject to registration under the Import Monitoring System.
This applies to consignments where the Bill of Lading (Shipped on Board) is issued on or before May 31, 2025.
Key Changes
The import policy condition for Yellow Peas under ITC(HS) Code 07131010 is extended until May 31, 2025.
Import of Yellow Peas remains 'Free' without the MIP condition.
There are no port restrictions for the import of Yellow Peas.
Importers must register under the online Import Monitoring System.
This notification is in continuation of previous notifications: 50/2023 dated 08.12.2023, 61/2023 dated 23.02.2024, 04/2023 dated 05.04.2024, 12/2024-25 dated 08.05.2024, 29/2024-25 dated 13.09.2024, and 43/2024-25 dated 24.12.2024.
Impact Analysis
Importers
Action Item: Update import plans and logistics to align with the extended import period.
Consumers
Action Item: Monitor market prices to assess the impact of the policy change.
Domestic Producers
Action Item: Assess competitiveness and explore strategies to compete with imports, such as improving efficiency or focusing on value-added products.
Government
Action Item: Monitor import volumes and market prices to assess the overall impact of the policy.
Key Entities Referenced
Foreign Trade (Development & Regulation) Act, 1992: The Act provides the legal framework for the development and regulation of foreign trade in India. Sections 3 and 5 confer powers to the Central Government to make provisions relating to import and export.
Foreign Trade Policy (FTP) 2023: A set of guidelines and instructions established by the Directorate General of Foreign Trade (DGFT) in matters related to the import and export of goods in India.
ITC(HS) Code 07131010: The Indian Trade Clarification based on Harmonized System of Coding for Yellow Peas.
Directorate General of Foreign Trade (DGFT): The government agency responsible for implementing the Foreign Trade Policy and regulating import and export activities.
Ministry of Commerce & Industry: The ministry responsible for the formulation of policies related to foreign trade and commerce.
Notification Nos. 50/2023, 61/2023, 04/2023, 12/2024-25, 29/2024-25, 43/2024-25: Previous notifications related to the import policy of Yellow Peas, which this notification continues.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-11032025-261548
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 10th March, 2025
No. 63/2024-25
Subject: Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC
(HS) 2022, Schedule –I(Import Policy) -reg
S.O. 1116(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 Nos. 50/2023 dated 08.12.2023, 61/2023 dated 23.02.2024,
04/2023 dated 05.04.2024, 12/2024-25 dated 08.05.2024 and 29/2024-25 dated 13.09.2024, 43/2024-25 dated
24/12/2024 the Central Government hereby extends current Import Policy Conditions for Yellow Peas under ITC(HS)
Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule –I (Import Policy) from 28th February 2025 to 31st May,
2025 . All other terms and condition remain the same as in the above referred notifications.
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 for all import consignments where Bill of Lading (Shipped on Board) is issued on or before 31st May, 2025.
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.