The country has to rely on imports to meet the gap between demand and supply. Import of edible oil is under Open General License. In order to harmonize the interests of farmers, processors and consumers and at the same time, regulate
large import of edible oils to the extent possible, import duty structure on edible oils is reviewed from time to time. W.E. F. 14.06.2018, the import duty on all crude and refined edible oils was raised to 35% and 45% respectively while the import duty on
Olive oil was increased to 40%. The import duty on Crude and Refined Palm Oil was revised to 40% and 50% respectively for imports from ASEAN countries and 40% and 45% respectively for imports from Malaysia.
In order to ensure availability of edible oil in the country, export of edible oil has been banned w.e.f. 17.03.2008, which was extended from time to time. With effect from 06.02.2015, export of ricebran oil in bulk has been permitted. With effect from 27.03.2017,
export of groundnut oil, sesame oil, soyabean oil and maize (corn) il has been permitted. With effect from 06.04.2018, export of all edible oils except mustard oil was made free without quantitative ceiling; pack size etc, till further orders. Export of mustard
oil is permitted in packs of up to 5 Kg with a Minimum Export Price (MEP) of USD 900 per MT.
|
Name of Oils
|
Rates of Import Duty . Effective Dates
|
|
Crude Palm Oil
|
0%
(17/03/12)
|
2.5%
(23/01/13)
|
2.5%
(23/01/13)
|
7.5%
(24/12/14)
|
12.5%
(17/09/15)
|
7.5%
(23/09/16)
|
15%
(11/08/17)
|
30%
(17/11/17)
|
44%
(01/03/18)
|
40%
(01/1/19)
|
|
RBD Palmolein
|
7.5%
(17/03/12)
|
7.5%
(17/03/12)
|
10%
(20/01/14)
|
15%
(24/12/14)
|
20%
(17/09/15)
|
15%
(23/09/16)
|
25%
(11/08/17)
|
40%
(17/11/17)
|
54%
(01/03/18)
|
50% (IND)
45%(MAL)
(01/1/19)
|
|
Crude Soyabean Oil
|
0%
(17/03/12)
|
2.5%
(23/01/13)
|
2.5%
(23/01/13)
|
7.5%
(24/12/14)
|
12.5%
(17/09/15)
|
12.5%
(17/09/15)
|
17.5%
(11/08/17)
|
30%
(11/08/17)
|
35%
(14/06/18)
|
|
|
Refined Soyabean Oil
|
7.5%
(17/03/12)
|
7.5%
(17/03/12)
|
10%
(20/01/14)
|
15%
(24/12/14
|
20%
(17/09/15
|
20%
(17/09/15
|
20%
(11/08/17)
|
35%
(17/11/17)
|
45%
(14/06/18)
|
|
|
Crude Sunflower Oil
|
0%
(17/03/01)
|
2.5%
(23/01/13)
|
2.5%
(23/01/13)
|
7.5%
(24/12/14)
|
12.5%
(17/09/15)
|
12.5%
(17/09/15)
|
17.5%
(11/08/17)
|
30%
(17/11/17)
|
35%
(14/06/18)
|
|
|
Refined Sunflower Oil
|
7.5%
(17/03/12)
|
7.5%
(17/03/12)
|
10%
(20/01/14)
|
15%
(24/12/14)
|
20%
(17/09/15)
|
20%
(17/09/15)
|
20%
(17/09/15)
|
35%
(17/11/14)
|
45%
(14/06/18)
|
|
|
Crude Rapeseed oil
|
0%
(17/03/12)
|
2.5%
(23/01/13)
|
2.5%
(23/01/13)
|
7.5%
(24/12/14)
|
12.5%
(17/09/15)
|
12.5%
(17/09/15)
|
12.5%
(17/09/15)
|
25%
(17/11/17)
|
35%
(14/06/18)
|
|
|
Refined Rapeseed oil
|
7.5%
(17/03/12)
|
7.5%
(17/03/12)
|
10%
(20/01/14)
|
15%
(24/12/14)
|
20%
(17/09/15)
|
20%
(17/09/15)
|
20%
(17/09/15)
|
35%
(17/11/17)
|
45%
(14/06/18)
|
|
|
Others
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Crude-30% ref-35%-
(02/02/18)
|
Crude-35% ref-45%
(14/06/2018)
|
|