Login ID:
Partner Login
Contact Us : 7066511911

GM Soymeal: Import with Bill of Lading/Lorry Receipt up to Oct 31 Allowed Till Jan 31, 2022

13 Sep 2021 10:52 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Sept 13 (Commoditiescontrol) - The DGFT on Monday clarified that the import consignments of GM soymeal with Bill of Lading or Lorry Receipt issued on or before 31st October 2021 shall not be allowed by Customs beyond 31st January 2022.

For imports of GM soymeal, the last date of shipment or date of issuance of the Bill of Lading or Lorry Receipt date is 31st October, 2021.

On Sept 3, the Centre had allowed imports of GM soymeal through three more sea ports, i.e. Mumbai Sea Port, Tuticorin Sea Port and Vishakhapatnam Sea Port.

The Centre had earlier allowed GM soymeal imports through the Nhava Sheva port in Mumbai and the Petrapole Land Customs Station in West Bengal.

With rising soybean prices escalating the poultry industry’s costs, the Centre last month had allowed the import of 1.2 million metric tonnes of crushed and de-oiled genetically modified (GM) soya cake till October 31, 2021.

The development assumes significance as protein sources like fish, meat and milk have recorded high inflation, even as overall retail and food inflation moderated slightly in July.

Soybean meal is an essential raw material for the poultry industry, but prices have more than doubled over the past couple of months, prompting the national poultry breeders’ body to approach the government for a nod to import of GM soybean meal.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Top 5 News
Domestic Tur mixed in major mkts, imported variety unch...
Guar seed, gum prices rise at spot on improved demand,...
Moong trades mixed at selective mkts
Trading activities remain disrupted at Muzaffarnagar g...
Spot mentha oil declines on sluggish demand, weak futur...
Top 5 Special Reports
Spot Market Charts Soy Refined Oil (Indore): Correcti...
RBD Palm Olein (Kandla): Consolidating in a Range (Rs. ...
Weekly Review: Performance Of Indian Base Metal Futures...
Weekly Review : Performance of Indian Gold Futures
Week Ahead: Selected pulses prices may remain firm on i...
Copyright © CC Commodity Info Services LLP. All rights reserved.