‘Free import’ policy for three pulses till Mar 2022

The Centre has extended the ease in quantitative import restrictions policy for pulses such as tur, urad and moong till March 2022.

Earlier, only tur and urad were under the ‘free’ category, which was supposed to be over by December 31, an industry insider said.

The move entails that ‘bill of lading’ or ‘lorry receipts’ from the originating countries need to be obtained on or before March 31, 2022, and the cargoes should reach Indian ports by June 30, 2022, the Ministry of Commerce and Industry said in a notification.

The Centre’s move is seen as an attempt to stem rising food inflation in the country.

The move shall bring stability to the trade and provide continuity of shipments, thereby ensuring stability of prices, both at the place of origin and within India. The trade in Myanmar is highly appreciative of the pragmatic trade policies being adopted by the Indian authorities, said Vatsal Lilani, President at Overseas Agro Traders Association, Myanmar.

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