Press Information Bureau

Government of India

Cabinet Committee on Economic Affairs (CCEA)

04-October-2012 20:44 IST

The Cabinet Committee on Economic Affairs (CCEA) has given its approval to continue the ban on export of edible oils with certain exemptions w.e.f. 1.10.2012 till further orders. The CCEA also gave its approval to the following:

(i) Extension of the scheme for distribution of subsidized imported edible oils through State Governments/ Union Territories w.e.f. 1.10.2012 to 30.9.2013, with central subsidy of Rs.15/-per kg for import of up to 10 lakh tonnes of edible oils during this period.

(ii) Permission to export edible oils in branded consumer packs of up to 5 kgs. with a ceiling of up to 20,000 tonnes per annum, w.e.f. 1.10.2012, to meet the increasing demand from Indians living abroad.

(iii) Ex-post facto sanction to the excess exported edible oils in branded consumer packs of up to 5 kgs. of 20,912 MTs as on 31.7.2012 over and above the permitted quantity of 10,000 MTs for one year between 1.11.2011 to 31.10.2012 and mid-term assessment of quantity of export of edible oils by Department of Commerce and licensing mechanism by DGFT.

In order to provide relief to consumers especially to BPL households the current scheme for distribution of subsided imported edible oils will be continued.

Due to the decline in production of oilseeds and edible oils during 2011-12, drought like situation during current kharif season and less monsoon in major oilseeds growing states, the domestic availability of edible oils will be lower this year. Therefore, the ban on export of edible oils will be continued with certain exemptions.

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SH/SKS

Export ban on edible oils continued with limited branded pack exports and extended subsidised import distribution. Continuation of a ban on export of edible oils with specified exemptions due to reduced domestic availability. The scheme for distribution of subsidised imported edible oils through States/UTs is extended for one year with a central subsidy for imports up to a capped quantity to assist consumers, especially BPL households. Permission is granted for exports in branded consumer packs up to 5 kg subject to an annual ceiling to meet demand abroad, an ex post facto sanction is given for excess branded pack shipments beyond the earlier permitted quantity, and a mid term assessment and licensing mechanism by the commerce authorities is endorsed.