New Delhi: The federal government has actually presented a 10 percent import task on lentils (masur) while prolonging the duty-free import of yellow peas for an extra 3 months up until May 31, intending to increase residential supply, based on a financing ministry alert.
According to the alert, a 5 percent fundamental custom-mades task and a 5 percent Agriculture Infrastructure and Development Cess (AIDC) on lentils will certainly work from March 8. Until currently, lentil imports were excluded from any type of task.
Earlier, the federal government had actually minimized the fundamental import task on masur to absolutely no in July 2021, complied with by a 10% exception on the agri-infrastructure cess in February 2022. This exception was prolonged numerous times and continued to be legitimate up until March 2024.
India largely imports yellow peas and lentils from Canada, Russia, andAustralia According to resources, the federal government’s most recent steps intend to make certain pulses stay cost effective while additionally sending out a favorable signal to farmers. The Centre had actually repetitively prolonged duty-free imports, mentioning issues over reduced chana manufacturing.
.
.(* )2017, the federal government enforced a 50% import task on yellow peas to increase residential chana farming.
In, duty-free imports of yellow peas were very first allowed in However 2023 and have actually considering that been prolonged 3 times, most lately up until December 28. February quotes recommend that out of the 67 lakh tonnes of pulses imported in 2024, yellow peas represented 30 lakh tonnes. (The PTI With)Inputs
