Soyabean Oil Duty Raised to 35% from 30%

·      CPO to Continue at 54%, No Change

·      Other Oils also Up by 5 to 10 percent

[Notification No. 47/2018-Customs dated 14 June 2018]

Seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils.

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30th June, 2017, namely:-

In the said notification, in the Table,-

(1)   against S.No. 61, for the entry in column (4), the entry “35%”shall be substituted;

(2)   against S.No. 62, for the entry in column (4), the entry “45%”shall be substituted;

(3)   against S.No. 63, for the entry in column (4), the entry “35%” shall be substituted;

(4)   for S.No. 64 and the entries relating thereto, the following shall be substituted, namely:-

(1)

(2)

(3)

(4)

(5)

(6)

“64.

1508, 1510, 1512 (other than 1512 19 10), 1513, or 1515

All goods, refined and edible grade

45%

-

-

64A.

1509

All goods, refined and edible grade

40%

-

-

(5)   against S.No. 70, for the entry in column (4), the entry “35%” shall be substituted;

(6)   against S.No. 71, for the entry in column (4), the entry “45%” shall be substituted;

(7)   against S.No. 73, for the entry in column (4), the entry “35%” shall be substituted;

(8)   against S.No. 74, for the entry in column (4), the entry “45%” shall be substituted;

(9)   against S.No. 77, for the entry in column (4), the entry “45%” shall be substituted;

(10) against S.No. 79, for the entry in column (4), the entry “45%” shall be substituted.

[F.No. 354 /203/2012- TRU]

 

Edible Oil Duty Hiked by 5 to 10 percent

HS Code

Item Description

Ntfn Rate Current

Ntfn Rate Previous

1507

SOYA-BEAN OIL AND ITS FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

1507 10 00

Crude oil, whether or not degummed

35

30

1507 90

Other:

 

 

1507 90 10

Edible grade

45

35

1507 90 90

Other

 

 

1508

GROUND-NUT OIL AND ITS FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

1508 10 00

Crude oil

35

30

1508 90

Other:

 

 

1508 90 10

Deodorized (Salad Oil)

35

30

 

Other:

 

 

1508 90 91

Edible grade

35

30

1508 90 99

Other

45

35

1509

OLIVE OIL AND ITS FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

1509 10 00

Virgin

35

30

1509 90

Other:

 

 

1509 90 10

Edible grade

35

30

1509 90 90

Other

40

35

1510

OTHER OILS AND THEIR FRACTIONS OBTAINED SOLELY FROM OLIVES, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED, INCLUDING BLENDS OF THESE OILS OR FRACTIONS WITH OILS OR FRACTIONS OF HEADING 1509

 

 

1510 00

Other oils and their fractions obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509:

 

 

1510 00 10

Crude oil

35

30

 

Other:

 

 

1510 00 91

Edible grade

35

30

1510 00 99

Other

45

35

1512

SUNFLOWER SEED, SAFFLOWER OR COTTON SEED OIL AND THEIR FRACTIONS THEREOF, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

 

Sunflower seed or safflower oil and fractions thereof:

 

 

1512 11

Crude oil:

 

 

1512 11 10

Sunflower seed oil

35

25

1512 11 20

Safflower seed oil (kardi seed oil)

35

30

1512 19

Other:

 

 

1512 19 10

Sunflower oil, edible grade

45

35

1512 19 20

Sunflower oil, non-edible grade (other than crude oil)

45

35

1512 19 30

Saffola oil, edible grade

35

30

1512 19 40

Saffola oil, non-edible grade

45

35

1512 19 90

Other

45

35

 

Cotton-seed oil and its fractions:

 

 

1512 21 00

Crude oil, whether or not gossypol has been removed

35

30

1512 29

Other:

 

 

1512 29 10

Edible grade

35

30

1512 29 90

Other

45

35

1513

COCONUT (COPRA), PALM KERNEL OR BABASSU OIL AND FRACTIONS THEREOF, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

 

Coconut (copra) oil and its fractions:

 

 

1513 11 00

Crude oil

35

30

1513 19 00

Other

45

35

 

Palm kernel or babassu oil and fractions thereof:

 

 

1513 21

Crude Oil:

 

 

1513 21 10

Palm kernel oil

35

30

1513 21 20

Babassu oil

35

30

1513 29

Other:

 

 

1513 29 10

Palm kernel oil and its fractions

35

30

1513 29 20

Babassu oil and its fractions edible grade

35

30

1513 29 30

Babassu oil and its fractions, other than edible grade

45

35

1513 29 90

Other

45

35

1514

RAPE, COLZA OR MUSTARD OIL AND ITS FRACTIONS THEREOF, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

 

Low erucic acid rape or colza oil and its fractions:

 

 

1514 11

Crude oil:

 

 

1514 11 10

Colza oil

35

25

1514 11 20

Rape oil

35

25

1514 11 90

Other

35

25

1514 19

Other:

 

 

1514 19 10

Refined colza oil of edible grade

45

35

1514 19 20

Refined rapeseed oil of edible grade

45

35

1514 19 90

Other

45

35

 

Other:

 

 

1514 91

Crude oil:

 

 

1514 91 10

Colza oil

35

25

1514 91 20

Mustard oil

35

25

1514 91 90

Rapeseed oil

35

25

1514 99

Other:

 

 

1514 99 10

Refined colza oil of edible grade

45

35

1514 99 20

Refined mustard oil of edible grade

45

35

1514 99 30

Refined rapeseed oil of edible grade

45

35

1514 99 90

Other

45

35

1515

OTHER FIXED VEGETABLE FATS AND OILS (INCLUDING JOJOBA OIL) AND THEIR FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED

 

 

 

Linseed oil and its fractions:

 

 

1515 11 00

Crude oil

35

30

1515 19

Other:

 

 

1515 19 10

Edible grade

35

30

1515 19 90

Other

45

35

 

Maize (Corn) oil and its fractions:

 

 

1515 21 00

Crude oil

35

30

1515 29

Other:

 

 

1515 29 10

Edible grade

35

30

1515 29 90

Other

35

30

1515 30

Castor oil and its fractions:

 

 

1515 30 10

Edible grade

35

30

1515 30 90

Other

35

30

1515 50

Sesame oil and its fractions:

 

 

1515 50 10

Crude oil

35

30

 

Other:

 

 

1515 50 91

Edible grade

35

30

1515 50 99

Other

35

30

1515 90

Other:

 

 

1515 90 10

Fixed vegetable oils, namely the following: chulmoogra oil, mawra oil, kokam oil, tobacco seed oil, sal oil

35

30

1515 90 20

Fixed vegetable oils, namely the following: neem seed oil, karanj oil, silk cotton seed oil, khakhon oil, water melon oil, kusum oil, rubber seed oil, dhup oil, undi oil, maroti oil, pisa oil, nahar oil

35

30

1515 90 30

Fixed vegetable oils, namely the following: cardamom oil, chillies or capsicum oil, turmeric oil, ajwain seed oil, niger seed oil, garlic oil

35

30

1515 90 40

Fixed vegetable oils of edible grade namely the following: mango kernel oil, mahua oil, rice bran oil

35

30

 

Other:

 

 

1515 90 91

Edible grade

35

30

1515 90 99

Other

35

30

1516

ANIMAL OR VEGETABLE FATS AND OILS AND THEIR FRACTIONS, PARTLY OR WHOLLY HYDROGENATED, INTER-ESTERIFIED, RE-ESTERIFIED OR ELAIDINISED, WHETHER OR NOT REFINED, BUT NOT FURTHER PREPARED

 

 

1516 10 00

Animal fats and oils and their fractions

 

30

1516 20

Vegetable fats and oils and their fractions:

 

 

 

Cotton Seed oil:

 

 

1516 20 11

Edible grade

45

35

1516 20 19

Other

 

80

 

Groundnut oil:

 

 

1516 20 21

Edible grade

45

35

1516 20 29

Other

 

80

 

Hydrogenated castor oil (opal-wax):

 

 

1516 20 31

Edible grade

45

35

1516 20 39

Other

 

80

 

Other:

 

 

1516 20 91

Edible grade

45

35

1516 20 99

Other

 

80

1517

MARGARINE; EDIBLE MIXTURE OR PREPARATIONS OF ANIMAL OR VEGETABLE FATS OR OILS OR OF FRACTIONS OF DIFFERENT FATS OR OILS OF THIS CHAPTER, OTHER THAN EDIBLE FATS OR OILS OR THEIR FRACTIONS OF HEADING 1516

 

 

1517 10

Margarine, excluding liquid margarine:

 

 

1517 10 10

Of animal origin

 

 

 

Of vegetable origin:

 

 

1517 10 21

Edible grade

45

35

1517 10 22

Linoxyn

 

 

1517 10 29

Other

 

 

1517 90

Other:

 

 

1517 90 10

Sal fat (processed or refined)

45

35

1517 90 20

Peanut butter[Omitted by Finance Bill 2013]

 

7.5

1517 90 30

Imitation lard of animal origin

 

 

1517 90 40

Imitation lard of vegetable origin

 

 

1517 90 90

Other

 

 

1518

ANIMAL OR VEGETABLE FATS AND OILS AND THEIR FRAC-TIONS, BOILED, OXIDISED, DEHYDRATED, SULPHURISED, BLOWN, POLYMERISED BY HEAT IN VACUUM OR IN INERT GAS OR OTHERWISE CHEMICALLY MODIFIED, EXCLUDING THOSE OF HEADING 1516; INEDIBLE MIXTURES OR PRE-PARATIONS OF ANIMAL OR VEGETABLE FATS OR OILS OR OF FRACTIONS OF DIFFERENT FATS OR OILS OF THIS CHAPTER, NOT ELSEWHERE SPECIFIED OR INCLUDED

 

 

1518 00

Animal or vegetable fats and oils and their fractions, boiled, oxidized, dehydrated, sulphurised, blown, polymerized by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of differ-rent fats or oils of this Chapter, not else-where specified or included:

 

 

 

Lin seed oil:

 

 

1518 00 11

Edible grade

45

35

1518 00 19

Other

 

 

 

Castor oil, dehydrated:

 

 

1518 00 21

Edible grade

45

35

1518 00 29

Other

 

 

 

Other Vegetable oil and its fats:

 

 

1518 00 31

Edible grade

45

35

1518 00 39

Other

 

 

1518 00 40

Other