Import of Soyabean oil-reg.

[MANASH MUKHERJEE]

Dear Sir,

What is the present provision of import of Soyabean oil( CTH 15070910) from Bangladesh under SAFTA Notification after implementation of CAROTAR 2020.

With regards,

[YAGAY andSUN]

15079090 | Soya-bean oil and its fractions, whether or not refined, but not chemically modified: Other: OtherSPS-TBT

Bangladesh(as of 22-04-2021 )

Most Favoured Nation Tariff45

Asia-Pacific Trade Agreement Preferential TariffNo Preference

Asia-Pacific Trade Agreement Preferential Rules Of OriginNot Applicable*

Duty Free Tariff Preferential Tariff0

Duty Free Tariff Preferential Rules Of OriginCTH + 30% RVC

South Asian Free Trade Area Preferential Tariff0

South Asian Free Trade Area Preferential Rules Of OriginCTSH + 30% RVC

SAARC Preferential Trading Arrangement Preferential Tariff22.5

SAARC Preferential Trading Arrangement Preferential Rules Of Origin40% RVC

Note - Rules of Origin

Wholly Obtained and ProducedWholly obtained in a beneficiary country

CCChange in Chapter

CTHChange in Tariff Heading

CTSHChange in Tariff Sub Heading

RVCRegional Value Content

Import Policy

ITC-HS CodeDescriptionPolicyRestrictionExplanation

15079090Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified : Other: : Other

*Note: Chapter Note(s)

FreeImport Permitted FreelyImport of items which do not require any Licence / Authorisation / Permission from the DGFT have been denoted as Free

*Note: Policy Condition(s)
Refer General Notes Regarding Import Policy

AI Summary

Understanding Soybean Oil Import Rules under SAFTA and CAROTAR 2020: Tariffs, Origin Criteria, and Free Import Policy A query was raised regarding the import provisions for soybean oil (CTH 15070910) from Bangladesh under the South Asian Free Trade Area (SAFTA) Notification, following the implementation of CAROTAR 2020. The response highlighted various tariff and rule of origin conditions, such as the Most Favoured Nation Tariff at 45%, Duty Free Tariff under SAFTA at 0%, and SAARC Preferential Tariff at 22.5%. The rules of origin include criteria like Change in Tariff Heading (CTH) and Regional Value Content (RVC). The import policy indicates that soybean oil can be imported freely without requiring specific licenses or permissions.