Pulses association demands clarification on stock monitoring under EC Act; claims it may hamper trade
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Indian Pulses and Grains Association has claimed that traders are hesitant to import or procure pulses in the domestic market for fear of government action.
PTI
India plans to import 2.5 million tonnes of pulses this fiscal.
Importers of pulses are worried about the use of the Essential Commodities Act by the government to monitor stocks being held by value-chain participants of the pulses industry in order to check rise in retail prices.
The Indian Pulses and Grains Association (IPGA) has claimed that traders are hesitant to import or procure pulses in the domestic market for fear of government action. They have demanded clarification from the government about its intentions regarding use of the Act.
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"Import policy for tur/pigeon peas; moong and urad is revised from “restricted” to “free” with immediate effect and for the period up to October 31, 2021," the notification says. The policy will be in effect till October 31, 2021. All consignments will have to be cleared before November 30, 2021 and bill date should be October 31 or before.