Revised Registration Timelines and Procedures for Import of Yellow Peas under YP-IMS Post-March 31, 2024 at Indian Ports.
The DGFT vide Public Notice No. 46/2023 dated March 06, 2024 amended the 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 March 31, 2024.
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 December 08, 2023 and Notification 61/2023 dated February 23, 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 March 31, 2024 as follows –
i. Para (b) of Public Notice 35/2023 dated December 13, 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 March 31, 2024 are amended.
The Public Notice can be accessed at: https://www.a2ztaxcorp.com/wp-content/uploads/2024/03/PN-46.pdf