Considering imposing 11 percent import duty on Desi Chana

26-Mar-2025 12:32 PM

🇮🇳 India Considering 11% Import Duty on Desi Chana 🇮🇳

📍 Key Updates:
🔹 Deadline for duty-free import expires March 31, 2025.
🔹 Govt may impose 11% duty – 5% basic duty, 5% agriculture cess, 1% social welfare cess.
🔹 Inter-ministerial committee to finalize decision on March 26, 2025.

📊 Import Policy Changes:
✔️ May 2024: First allowed duty-free import.
✔️ Earlier import duty was 66%.
✔️ Yellow Peas: Duty-free import extended till May 31, 2025.
✔️ Tur & Urad: Duty-free import extended till March 31, 2026.

📉 Impact on Market:
➡️ New Chana arrivals in India are strong, prices below MSP ₹5,650/qtl.
➡️ 11% duty unlikely to curb imports significantly.
➡️ Govt balancing consumer needs & farmer protection by keeping duty nominal.