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Soy Oil News - Current edible oil duties structure to continue till 31st March 2023
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Current edible oil duties structure to continue till 31st March 2023

The Department of Revenue under the Ministry of Finance has issued Notification No. 46/2022-Customs dated 31st August 2022 vide which the current duty structure on Crude Palm Oil, RBD Palmolein, RBD Palm Oil, Crude Soybean Oil, Refined Soybean Oil, Crude Sunflower Oil and Refined Sunflower Oil remains unchanged till 31st March 2023.

Current Import duty structure:

Products

Duty

Agri. Cess

Social Welfare
Cess

Effective Duty

Crude Palm Oil

Nil

5.0%

10%

5.50%

RBD Palmolein

12.50%

--

10%

13.75%

RBD Palm Oil

12.50%

--

10%

13.75%

Crude Soybean Oil

Nil

5.0%

10%

5.50%

Crude Sunflower Oil

Nil

5.0%

10%

5.50%

Refined Soybean Oil

17.50%

--

10%

19.25%

Refined Sunflower Oil

17.50%

--

10%

19.25%

                

Soybean oil and Sunflower oil continue to be permitted for import at NIL Duty under TRQ allocation.