Breaking News

You are here » Indian-Commodity  :  Commodities  :  Chana  :  Government imposes 30% import duty on Chana, Masoor

22-Dec2017

Government imposes 30% import duty on Chana, Masoor

Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect. The production of Chana (Chickpeas) and Masoor (Lentils) 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. The import duty has been imposed taking these factors into consideration and to protect the interest of the farmers.

At present, tur attracts 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 continues 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.



Related News

View all news

Government imposes 30% import duty on Chana, Masoor

Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect. The production of Chana (Chickpeas) and Masoor (Lentils) are expected to be high during......

NCDEX reports Rs 91 crore turnover in chana contract on re-launch day

National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange has registered a turnover of Rs 91 crore on the first day of the re-launch of chana (pulses) contracts. The......

NCDEX receives SEBI's nod to re-launch chana futures

National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange will re-launch the chana futures contract expiring in the months of September 2017, October 2017 and November......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......