ANNOUNCEMENT 23 Jan 2013

In January 2013, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Notification No. 2/2013-Customs
http://www.cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2013/cs-tarr2013/cs02-2013

Media report: http://articles.economictimes.indiatimes.com/2013-01-30/news/36635930_1_dorab-mistry-edible-oil-palm-oil

Original tariffs: http://www.cbec.gov.in/ub1213/cs12-2012.pdf


Inception date: 23 Jan 2013 | Removal date: 23 Dec 2014
Still in force

Import tariff

 On 23 January 2013, the Indian Ministry of Finance imposed import duties of 2.5% on crude edible oils (palm oil, soya oil, groundnut oil and the like). Following recent developments in the inflation levels and the reduction in imports costs of crude oil (mainly from Malaysia and Indonesia), the Ministry deemed it necessary to increase import duties in order to protect Indian farmers from a fall in price of these products. 
 
The Notification No. 02/2013-Customs was published in this regard.
 
The duties were increased further to 7.5% on 24 December 2014 (see related measure).
 

AFFECTED SECTORS

 
216

AFFECTED PRODUCTS

 
150710 150910 150990 151000 151110 151190 151211 151319 151321 151411 151491 151519 151590
(+ 3 more)