The Government of India, through the Ministry of Commerce and Industry’s Department of Commerce and the Directorate General of Foreign Trade (DGFT), has issued Public Notice No. 46/2023-DGFT on March 6th, 2024. This notice pertains to amendments in the Implementation of Yellow Peas Import Monitoring System.
Detailed Analysis
The amendments outlined in Public Notice No. 46/2023-DGFT primarily focus on the procedures for the registration of import consignments under the Yellow Peas Import Monitoring System (YP-IMS) for imports arriving at Indian ports after March 31, 2024. Notable changes include:
1. Extension of the timeframe for YP-IMS registration: Instead of the previous requirement of registering five days before the expected arrival date of the import consignment, importers must now undertake YP-IMS registration within seven days from the date of Bill of Lading or seven days from the date of the public notice, whichever is later.
2. Inclusion of Bill of Lading details: Importers are now required to declare Bill of Lading (Shipped on Board) details in the YP-IMS registration. Additionally, multiple Bills of Lading details can be specified under a single registration.
3. Mandatory upload of Bills of Lading: All copies of Bills of Lading (Shipped on Board) must be uploaded during the registration process, with the option for importers to mask the exporter details on these copies.
Conclusion
The amendments introduced through Public Notice No. 46/2023-DGFT aim to streamline and enhance the monitoring of Yellow Peas imports into India. By extending the registration timeframe and introducing additional requirements such as declaring Bill of Lading details, the Directorate General of Foreign Trade seeks to ensure greater transparency and compliance within the import process. Importers and relevant stakeholders are advised to adhere to these revised procedures to avoid any disruptions or non-compliance issues in their import activities. For further inquiries or clarifications, individuals can reach out to the Directorate General of Foreign Trade via the provided contact information.
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Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 46 /2023- DGFT | Dated 06th March, 2024
Subject: Amendments in Implementation of Yellow Peas Import Monitoring System-reg.
F. No. M-5012/300/2002/PC-2[A]/Part-VI/E-9019.— In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy (FTP) 2023, as amended from time to time, and in reference to Notification 50/2023 dated 08.12.2023 and Notification 61/2023 dated 23.02.2024, the Director General of Foreign Trade hereby amends the procedures for registration of import consignments under Yellow Peas Import Monitoring System (YP-IMS) for import consignments which are to arrive at the Indian Port after 31.03.2024 as follows —
i. Para (b) of Public Notice 35/2023 dated 13.12.2023 shall not be applicable. In lieu of YP-IMS registration 5 days before the expected date of arrival of import consignment, the Importer shall undertake YP-IMS registration within 7 days from the date of Bill of Lading or 7 days from the date of this Public Notice, whichever is later.
ii Bill of Lading (Shipped on Board) details shall be declared in the YP-IMS registration. Multiple Bills of Lading (Shipped on Board) details may be specified under a single YP-IMS registration.
iii. All copies of Bills of Lading(Shipped on Board) should be mandatorily uploaded during the registration process. The Importer may choose to mask the Exporter details on the said Bills of Lading copies.
Effect of this Public Notice: Timelines and procedures for registration of import of Yellow Peas (ITC (HS) Code 07131010) under the Import Monitoring System (YP-IMS) arriving at Indian Port after 31.03.2024 are amended.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Secretary to the Government of India
E-mail: dgft@nic.in
[File No. M-5012/300/2002/PC-2[A]/Part-VI/E-9019]
