India government doubles import duty on wheat to 20%.

The government on Wednesday 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 percent 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%.