IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 May 2016 | Removal date: open ended
Still in force

Export tax

On 18 May 2016, the Indian Ministry of Commerce and Industry through Notification No. 8/2015-2020 amended the applicability of a Minimum Export Price on edible oil exports.

In March 2008, the Ministry had banned the exports of all edible oil but added several exemptions later that include castor oil, coconut oil, deemed oil exports for producing non-edible export goods, exports to SEZs for producing value-added goods, edible oils of minor forest produce, organic edible oil, rice bran oil and oil exported in retail packs of up to 5 kgs. Further, in February 2013, the Ministry imposed a Minimum Export Price on exports of edible oil in retail packs of up to 5 kgs.

However, the Ministry made no exemption from the applicability of the MEP on exports of edible oil in retail packs for oils that were exempt from any export restrictions such as castor oil, coconut oil, etc. above. This has been clarified and amended and exports of all such edible oil which are exempted from the export ban, regardless of the pack size, will henceforth be relaxed from the applicability of the MEP.

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.
150790 Other
1508 Groundnut oil and its fractions, whether or not refined, but not chemically modified.
150810 Crude oil
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.
151219 Other
1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.
151311 Crude oil
151319 Other
1516 Animal or vegetable fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.
151620 Vegetable fats and oils and their fractions
345 Miscellaneous basic chemical products
1518 Animal or vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 15.16; inedible mixtures or preparations of
151800 Animal or vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 15.16; inedible mixtures or preparations of
1520 Glycerol, crude; glycerol waters and glycerol lyes.
152000 Glycerol, crude; glycerol waters and glycerol lyes.

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