Import of Crude Palm Oil exempted from Customs; duty lowered on Refined Oil

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Import of Crude Palm Oil exempted from Customs; duty lowered on Refined Oil

AIT News Network

NEW DELHI. The Government has exempted import of Crude Palm Oil and Palmolein Oil edible grade and Crude Soyabean Oil and other oils from Customs duty to contain the prices and inflation after a meeting of Cabinet Committee on Prices.

Further, Customs duty on refined Soyabean Oil and other has also been lowered to 7.5 per cent vide Notification No.42/2008-Customs dated 1st April 2008.

Related News:

Customs duty on Palm Oil & Edible Oil imports lowered

New Delhi, the 1st April, 2008

Notification No. 42/2008-Customs

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002 which was published in the Gazette of India, Extraordinary, vide number G.S.R.118 (E), dated the 1st March, 2002, namely:-

In the said notification, in the Table,-

(i) after S.No. 3 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-

(1)	(2)	(3)	(4)	(5)	(6)
“3AA.	0405	Butter and ghee	30%	-	-”;

(ii) against S.No. 21, for the entry in column (4), the entry “Nil” shall be substituted;

(iii) for S.No.29A and the entries relating thereto, the following S.Nos. and entries shall be substituted, namely:-

(1)	(2)	(3)	(4)	(5)	(6)
“29A.	1507 10 00	All goods	Nil	-	-
29B.	1507 90 10	All goods	7.5%	-	-”;

(iv) against S.No. 30, for the entries occurring in column (4) against clauses (A), (B) and (C) of item II of column (3), the entry “Nil” shall respectively be substituted;

(v) after S.No. 33 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-

(1)	(2)	(3)	(4)	(5)	(6)
“33A.	1508, 1509, 1510, 1512, 1513, 1514, or 1515	All goods, crude and edible grade	Nil	-	-
33B.	1508, 1509, 1510, 1512, 1513, 1514 or 1515	All goods, refined and edible grade	7.5%	-	-;”

(vi) against S.No. 36A, for the entry in column (4), the entry “Nil” shall be substituted;

(vii) against S.No. 36B, for the entry in column (4), the entry “7.5%” shall be substituted;

(viii) against S.No. 37A, for the entry in column (4), the entry “Nil” shall be substituted;

(ix) against S.No. 37B, for the entry in column (4), the entry “7.5%” shall be substituted;

(x) against S.No. 434, for the entry in column (4), the entry “7.5%” shall be substituted;

(xi) after S.No. 513 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-

(1)

(2)

(3)

(4)

(5)

(6)

“513A.

1516 20

All goods, edible grade

7.5%

-“;

(xii) after S.No. 514 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-

(1)

(2)

(3)

(4)

(5)

(6)

“514A.

1517 10 21, 1517 90 10, 1517 90 20, 1518 00 11, 1518 00 21 or 1518 00 31

All goods, edible grade

7.5%

-”.

[F.No. 334/2/2008-TRU]
(S.Bajaj)
Under Secretary to the Government of India

Note: The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification no. 37/2008-Customs, dated the 20th March, 2008 which was published in the Gazette of India, Extraordinary vide number G.S.R. 200 (E), dated the 20th March, 2008.