Import Policy Update: Yellow Peas Remain Free Till Oct 2024; Restrictions Resume Post-Deadline.

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....The DGFT issued Notification No. 12/2024-25, to amend the import policy conditions for yellow peas. This adjustment extends the timeline for free import conditions under the Indian Trade Clarification (ITC) Harmonized System (HS) Code 07131010. - The import of yellow peas remains "Free" without the Minimum Import Price (MIP) condition and without port restrictions. The amendment extends the date from June 30, 2024, to October 31, 2024, for import consignments where the Bill of Lading (Shipped on Board) is issued. - For Bill of Ladings issued after October 31, 2024, the import status will change to "Restricted", reverting to the policy conditions that existed before the initial relaxation introduced in DGFT Notification No. 50/2023.....