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WHEAT IMPORTS REQUIRED TO BE DECLARED TO GOVERNMENT
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| WHEAT IMPORTS REQUIRED TO BE DECLARED TO GOVERNMENT |
| 09.20.06 (9:40 pm) [edit] |
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Importers of wheat are required to declare to the central government the particulars of wheat imported and received by them within seven days from the date of receipt of stocks; according to the Import of Wheat (Stock Declaration) Order 2006 notified by the Government and which came into force on September 19, 2006. According to the Order, every importer of wheat would be required to submit a return by the 10th of every month about stocks of wheat imported, released and retained by him to the central and state governments.The Order also provides for submission of returns to the central government by Deputy Commissioners of Customs at every port on receipt of any cargo containing wheat imported to India. This Order does not apply to any wheat imported by or on behalf of the Food Corporation of India. Keeping in view the increasing trend in the open market prices of essential commodities like wheat, pulses etc. in the recent past the central government had kept in abeyance the provisions allowing for removal of stock limits on foodstuffs (contained in orders dated February 15, 2002 and June 16, 2003) for a period of six months w.e.f August 29, 2006 enabling the state governments to impose suitable stock limits to check hoarding. It was also provided in the said order that the central and state governments may direct the importers to declare the receipt of stocks of these commodities and stocks retained by them
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