Strict vigilance to prevent misuse of customs warehouse by importers of pulses

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Strict vigilance by Directorate of Revenue Intelligence is being kept to prevent importers from mis-using the facilities of Customs Bonded Warehouse facility. The Government has also setup of a Group of Officers for regular monitoring and exchange of information on hoarding, cartelization etc to check prices of pulses.

Other steps taken by the government include:

• Export of all pulses is banned except kabuli channa and up to 10,000 MTs in organic pulses and lentils.

• Import of pulses is allowed at zero import duty.

• Stock limit on pulses extended till 30.9.2016.

• Government imported 5000 MT of Tur from Malawi/Mozambique and allocated it to States for retail sale to consumers to improve availability and to moderate prices.

• MSP (including bonus) raised for kharif pulses for Tur and Urad and Moong. MSP also raised for Rabi pulses for Gram and Masoor.

• Government has approved creation of buffer stock of 1.5 lakh MT of pulses for effective market intervention.

• Government has decided to immediately release 10,000 MT of pulses from the buffer stock (consisting of 8,000 MT of Tur and 2,000 MT of Urad) to States/UTs at subsidized rates for retailing by them at not more than Rs 120/- per kg to improve availability and stabilise prices.

Regulatory measures by Securities & Exchange Board of India (SEBI) on Chana contracts including increase in the margin requirement to discourage speculation and to moderate the price volatility in forward market and close monitoring by SEBI. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Rajya Sabha today.