Govt To Impose 30% Import Duty On Chana and Masoor: FinMin

By Religare
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    Government has decided to impose 30 per cent import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect,, according to a statement released by the Ministry of Finance.

    Govt To Impose 30% Import Duty On Chana and Masoor: FinMin
     

    The Finance Ministry said that 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 Government has decided to increase the said import duty.

    At present, tur attract 10 per cent 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.

    Read more about: import ministry of finance
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