Government extends free import policy for yellow peas for 3 months and urad for 1 year
The Indian government has announced an extension to the free import policy for Yellow peas and Urad dal, aiming to ensure a steady supply and stabilize prices of these essential pulses. Yellow Peas: The free import policy has been extended by three months, with the new deadline set to May 31, 2025. Imports of yellow peas (HS Code 07131010) are now exempt from the Minimum Import Price (MIP) condition and port restrictions, as long as the shipments are registered under the online Import Monitoring System. This applies to all shipments where the Bill of Lading (Shipped on Board) is issued before May 31, 2025. The policy was originally set to end on February 28, 2025. Urad Dal: The free import policy for urad dal has been extended for another year, with the new deadline now March 31, 2026. This extension follows the previous deadline of March 31, 2025, allowing continued unrestricted imports for an additional year. Impact: The government’s move aims to stabilize the domestic market, balancing supply and demand for these pulses. The policy extension is expected to benefit traders, food processing industries, and consumers by ensuring adequate supply and keeping prices in check. This decision aligns with the government's strategy to manage agricultural imports, ensure food security, and support the availability of critical food items.