DGFT Implements Notification amending the import policy of Moong from “Free” to “Restricted

The Directorate General of Foreign Trade vide trade notice dated 28th February, 2022 has directed for Implementation of Notification dated 11.02.2022 amending the import policy of Moong from “Free” to “Restricted”. DGFT has decided to allow such importers to import Moong subject to the condition that:

1. Quantity eligible for import would be proportionate to the amount paid prior to 11.02.2022 as advance. If advance payment has been made in full for the entire contracted quantity, then eligibility would be for the entire contracted quantity. If there is partial payment, quantity admissible for import shall be limited to the quantity in proportion to the advance payment(s) made.
2. Documentary evidence indicating payments made for such a contract should include the sales contract, invoice and proof of payment (SWIFT transaction receipt) certified by the recipient bank and any other supporting documents.
3. Contract for import should have been entered into prior to the date of the said Notification. Further the payments should also have been made prior to 11.02.2022. Undertaking should be provided by the applicant that imports of the proportionate quantity being claimed has not be effected prior to the date of Notification/till date.
4. The imports should be only for Financial Year 2021-22 such that the bill of lading is issued on or before 31.03.2022. No requests for extensions shall be considered.