ANNOUNCEMENT 20 Dec 2021
India has reduced the import duty on refined palm oil.
NUMBER OF INTERVENTIONS
Notification No. 53/2021-Customs
On 20 December 2021, the Indian Ministry of Finance through Notification No. 53/2021-Customs reduced the import duty on refined palm oil from 17.5% to 12.5%. The Notification is effective from 21 December 2021 and covers "Refined Bleached Deodorized (RBD) palm oil, RBD palm olein, RBD palm stearin and any palm oil other than crude palm oil" under HS 1511.90.
The duty was last reduced on 13 October 2021 (see related State Act).