DGFT issued an amendment to the Import Policy and Policy Conditions for Yellow Peas

Dec 08, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Directorate General of Foreign Trade (DGFT) on December 08, 2023, issued an amendment to the Import Policy and Policy Conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule -I (Import Policy).

The following revised conditions have been stated:

• Import is 'Free' without the MIP condition and without Port Restriction, for the period up to March 31, 2024. Import consignments where Customs out-of-charge is issued after March 31, 2024, shall not be considered as 'Free'.

• With effect from April 01, 2024, the 'Restricted' import policy and associated policy conditions as existing before this Notification shall come into force.

• All imports of Yellow Peas during this period up to March 31, 2024, shall be allowed subject to compulsory registration under the Import Monitoring System.

[Notification No. 50/2023]


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