INVC NEWS
New Delhi : The central government has imposed 40 percent duty on the export of onion. Along with this, the government decided to exempt from duty on import of indigenous gram till March 31, 2025. Apart from this, duty exemption on import of yellow peas through bill of entry issued on or before October 31, 2024 has also been increased.
Bill of Entry is a legal document filed with importers or customs clearance agents on or before the arrival of imported goods. The Finance Ministry said in a notification that all these changes will be effective from May 4. At present there is a ban on export of onion.
However, the government allows exports to India’s friendly countries. It has allowed export of onion in a certain quantity to UAE and Bangladesh. In August last year, India had imposed 40 percent export duty on onion till December 31, 2023.
