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,

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.