In a transfer aimed at maintaining price ranges below a verify, the Govt on Saturday amended the pulses import policy by relocating tur, urad and moong from ‘restricted’ to ‘free’ classification.
The Commerce Ministry in a notification on Saturday said the revision in pulses import policy is with quick influence and will for the time period up to Oct 31, 2021.
Further, import consignments of these objects with Invoice of Landing issued on or before Oct 31 shall not be authorized by Customs beyond November thirty, the notification said.
Jitu Bheda, Chairman, Indian Pulses and Grains Association (IPGA), said:
“The Open Basic License (OGL) below the free import policy will enable the traders to quickly import the essential amount of tur, moong and urad to fulfil the scarcity of the pulses. We are expecting least 250,000 tonnes of tur, a hundred and fifty,000 tonnes of urad and all-around 50,000-75,000 tonnes