Yellow Peas Import Period Extended – Policy Update for HS Code 07131010

Import Policy for Yellow Peas Extended Till 31st March 2026: What You Need to Know

In a recent update issued by the Directorate General of Foreign Trade (DGFT), the Government of India has announced an extension of the current import policy for Yellow Peas (ITC HS Code 07131010). This move, notified via S.O. (E), is made under the powers granted by Section 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, in conjunction with paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023.

📌 Key Highlights of the Notification

• Policy Extension: The current import policy condition for Yellow Peas has been extended from 31st May, 2025 to 31st March, 2026.
• HS Code: The extension applies specifically to ITC (HS) Code 07131010, classified under Chapter 07 of ITC (HS), 2022, Schedule I (Import Policy).
• Import Status: The import of Yellow Peas remains “Free”.
• No MIP or Port Restrictions: There is no Minimum Import Price (MIP) condition and no restriction on ports for import.
• Import Monitoring Requirement: Importers are required to register under the online Import Monitoring System (IMS).
• Applicability: The relaxed import conditions apply only to consignments with Bill of Lading (Shipped on Board) issued on or before 31st March, 2026.

Background of Notifications

This extension follows a series of earlier notifications, including:

• Notification No. 50/2023 dated 08.12.2023
• Notification No. 61/2023 dated 23.02.2024
• Notification No. 04/2023 dated 05.04.2024
• Notification No. 12/2024-25 dated 08.05.2024
• Notification No. 29/2024-25 dated 13.09.2024
• Notification No. 43/2024-25 dated 24.12.2024
• Notification No. 63/2024-25 dated 10.03.2025

The Government has opted to maintain policy continuity to ensure steady market supply and trade facilitation.

Implications for Traders and Importers

This notification is a welcome move for stakeholders involved in the agro-commodity and pulses trade:

• Cost Efficiency: The absence of MIP and port restrictions improves logistical and cost efficiency.
• Trade Planning: Extended validity until 31st March 2026 offers predictability and smoother import planning.
• Compliance Reminder: Importers must ensure registration on the Import Monitoring System to stay compliant.

📝 Conclusion

By extending the free import policy for Yellow Peas without any MIP or port limitations, the Government continues its strategy to manage food inflation, stabilize domestic prices, and ensure availability. Traders should leverage this opportunity while ensuring timely registration and compliance with relevant import regulations.

Notification Reference: DGFT
Notification No.16/2025-26
31/05/2025