India Revises Urad Beans Import Policy for 2021-22; 4 Lakh MT Quota Set via Algorithm Lottery System.
The Central Government, under the Foreign Trade (Development and Regulation) Act, 1992, has modified the import policy for Urad beans for the fiscal year 2021-22. A quota of 4 Lakh MT is set for import under restricted policy, allocated equally among Millers, Refiners, and Traders. This allocation will be determined through an algorithm-based lottery system, with details to be provided by the Directorate General of Foreign Trade. This notification supersedes earlier notifications and outlines the procedure for the distribution of the import quota.