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 and SUN]

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

Preferential tariff under SAFTA applies to imported soyabean oil subject to origin and regional value content conditions. Import of soyabean oil from Bangladesh is eligible for zero preferential tariff under SAFTA only if origin criteria are met: a change in tariff subheading combined with 30% regional value content (CTSH + 30% RVC). The item is otherwise subject to MFN tariffs or other regional arrangements, and import is permitted freely without DGFT licence where no special restrictions apply.