ANNOUNCEMENT 27 Mar 2017

On 27 March 2017, the Ministry of Commerce and Industry lifted the prohibition on exports of groundnut oil, sesame oil, soyabean oil and maize (corn) oil in bulk packaging. 

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Notification No. 43 /2015-20
http://dgft.gov.in/Exim/2000/NOT/NOT16/noti4317.pdf

Inception date: 27 Mar 2017 | Removal date: open ended

Export ban

On 27 March 2017, the Indian Ministry of Commerce and Industry through Notification No 43/2015-20 lifted the prohibition on exports of groundnut oil, sesame oil, soyabean oil and maize (corn) oil in bulk packaging. Earlier, exports of these edible oils were permitted only in consumer packs of up to 5 kgs. and with a minimum export price of USD 900 per metric tonne.

The Ministry has since 2008 prohibited the export of edible oils but has reduced/modified the restriction on certain edible oils on an as-need-be basis. 

AFFECTED SECTORS