DGFT extends Yellow Peas Import Period to 31st October 2024 [Read Notification]

DGFT extended the import period of yellow peas from 30th June 2024 to 31st October 2024
By Navasree A.M - On May 9, 2024 4:28 pm - 2 mins read
DGFT - Yellow peas import - DGFT import period extension - DGFT import regulation update - Yellow peas import timeline - taxscan

The Directorate General of Foreign Trade ( DGFT ) has notified the extension of the import period of yellow peas.

In a notification numbered 12/2024-25 and dated May 8, 2024, the DGFT has extended the import period for yellow peas classified under ITC (HS) Code 07131010. The extension moves the deadline from June 30, 2024, to October 31, 2024, allowing for a more extended window for import activities related to this commodity.

The Revised Policy is as follows:

  1. Import is ‘Free’ without the MIP condition and without Port Restriction, for Import consignments where Bill of Lading (Shipped on Board) has been issued on or before 31st October 2024.
  1. Imports where Bill of Lading (Shipped on Board) is issued after 31st October 2024 shall be ‘Restricted’ and associated import Policy Conditions as existing prior to the DGFT Notification 50/2023 date 8.12.2023 shall come into force.
  1. All imports of Yellow Peas where Bill of Lading (Shipped on Board) is dated on or before 31st October 2024 shall be subject to compulsory registration under the online import Monitoring System.
Subscribe Taxscan Premium to view the Judgment

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates

Topics

taxscan-loader