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Government exempts importers of pulses from stock limits

20 Jul 2021 Evaluate

In view of softening of prices of the key pulses in the country, the government has exempted importers of pulses from stock limits, and also relaxed the norms for millers and wholesalers. Now, the stock limits will be applicable only on tur, urad, gram and masoor for a period up to October 31. However, these entities will continue to declare their stocks on the web portal of the Department of Consumer Affairs.

For wholesalers, the stock limit will be 500 tonnes, provided that it should not be more than 200 tonnes of one variety. For millers, the limit will be the six months' production or 50 per cent of annual installed capacity, whichever is higher. For retailers, the stock limit remained same at five tonnes. This relaxation for millers will have a down-streaming effect in terms of giving an assurance to farmers at this critical juncture of kharif sowing of tur and urad. Importers, millers, retailers and wholesalers should continue to declare their stocks on the portal fcainfoweb.nic.

In case the stocks held by them are higher than the prescribed limits, they should bring it to the prescribed stock limits within 30 days of issue of this notification dated July 19. The move comes amid several representations from pulses associations against the government's earlier order with regard to stock limits on pulses.

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