Basic Customs Duty on Crude Palm Oil, Crude Soyabean oil and Crude Sunflower Oil reduced to 2.5%
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- Last Updated on 14 September, 2021
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Notification No. 42/2021-Customs Dated 10th September, 2021
The domestic prices of edible oils have been ruling high during 2021-22 which is a cause of serious concern from inflation as well as consumer’s point of view. The import duty on edible oils is one of the important factors that impacted landed cost of edible oils and thereby domestic prices.
In order to ensure the availability of edible oil to consumers at fair prices, Government of India, has reduced the customs duty on Crude Palm Oil, Crude Soyabean oil and Crude Sunflower Oil to 2.5%. Also, the customs duty on Refined Palm Oil, Refined Soyabean oil and Refined Sunflower Oil is reduced to 32.5%.
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