Agriculture

Expected higher harvest, Centre hikes import duty on pulses

According to the reports, production of chana and masoor are expected to be high during the forthcoming Rabi season

Expected higher harvest, Centre hikes import duty on pulses

In the wake of expected increase in the production of chana (chickpeas) and masoor (letils) in the upcoming Rabi harvesting season, the Government of India has decided to impose 30% import duty on these pulses, with immediate effect. According to the reports, production of chana and masoor are expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers. Taking these factors into consideration and to protect the interest of the farmers, the Government has decided to increase the said import duty, a Union Ministry of Finance release has said.

At present, tur attract 10% import duty. Further, Government has recently imposed 50% import duty on yellow peas. Other pulses, however, attract Nil import duty. There has been a record production of pulses in the current year. However, despite sufficient domestic availability, import of pulses continue to take place on account of low prevailing international prices. Such imports suppress the domestic prices of pulses and adversely affect the interest of farmers.

Notification number 93/2017-Customs dated 21.12.2017 has been issued in this regard.

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