IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Nov 2017 | Removal date: 13 Jun 2018
Still in force

Import tariff

On 17 November 2017, the Indian Ministry of Finance has through Notification No. 87 /2017 - Customs increased the basic customs duty on the following oil products - 

  • Crude palm oil of edible grade from 15% to 30%
  • Refined palm oil of edible grade from 25% to 40%
  • Crude sunflower oil from 12.5% to 25
  • Refined sunflower oil of edible grade from 20% to 35%
  • Crude soya bean oil from 17.5% to 30%
  • Refined soya bean oil from 20% to 35%
  • Crude rapeseed oil including canola oil (Low erucic acid rapeseed oil), mustard oil and colza oil from 12.5% to 25%
  • Refined rapeseed oil including canola Oil (Low erucic acid rapeseed oil), mustard oil, and colza oil from 20% to 35%

The duty on palm oils was increased on 1 March 2018 while that on all other oils except crude palm oil has been increased on 14 June 2018 (see related State Acts).

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

216 Vegetable oils
1507 Soyabean oil and its fractions, whether or not refined, but not chemically modified.
150710 Crude oil, whether or not degummed
1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
151110 Crude oil
151190 Other
1512 Sunflowerseed, safflower or cottonseed oil and fractions thereof, whether or not refined, but not chemically modified.
151211 Crude oil
1514 Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified.
151411 Crude oil
151491 Crude oil

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