Import duty on wheat doubled

The import duty on wheat is doubled to 20% to curb cheap shipments and give positive price signal to farmers in the ongoing Rabi season. It also imposed import duty of 50% on peas to check cheaper shipments from countries like Canada.

The central board of excise and customs (CBEC) in a notification said that it seeks “to increase rate of basic customs duty on peas, (Pisum sativum) from present nil rate to 50%, and increase rate of basic customs duty on wheat from 10% to 20%.”