New Delhi, Nov 8 The government today doubled the import duty on wheat to 20 per cent to curb cheap shipments and give positive price signal to farmers in the ongoing Rabi season.
It also imposed import duty of 50 per cent 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 (i) increase rate of basic customs duty on Peas, (Pisum sativum) from present Nil rate to 50%. (ii) increase rate of basic customs duty on wheat from 10% to 20%."
In March, the government had imposed 10 per cent import duty on wheat to contain sharp fall in local prices in view of bumper crop of 98.38 million tonnes in 2016-17 crop year (July-June).Read more