New Delhi: The government has notified an annual quota for 2021-22 for imports of specified quantity of tur/pigeon peas and moong, according to a notification of the Department of Commerce. Four lakh tonnes of tur/pigeon peas and 1.5 lakh tonnes of moong have been notified for fiscal year 2021-22.
It said that the import would be allowed to millers/refiners/traders and will be allocated equally to pre-determined numbers of applicants through an algorithm based lottery system. These quota restrictions will not apply to the government's import commitments under any bilateral/regional agreement.
India Pulses and Grains Association (IPGA) has welcomed the decision stating that the move will not only control the rising prices but also improve the overall sentiments giving a major boost to the trade.