CBIC Extends Reduced Customs Duty on Yellow Peas Imports Until February 28, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has extended the reduced customs duty on yellow peas imports until February 28, 2025, to support domestic pulses prices and ensure adequate availability of yellow peas. The decision comes in the wake of rising pulses prices and potential shortages. By extending the duty relief, the government aims to stabilize the market and ensure that consumers have access to affordable pulses. The policy is expected to benefit both importers and consumers, ensuring food security and economic stability in the agricultural sector.