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Duty of customs incresed by 5 percent, for a period of 180 days, on imports of RBD Palmolein/Palm Oil originating in Malaysia and imported under India-Malaysia Comprehensive Economic Cooperation Agreement - 29/2019 - Customs -Tariff
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Safeguard duty imposed on RBD palmolein imports from Malaysia to protect domestic industry after import surge. An interim safeguard duty was imposed on RBD Palmolein and RBD Palm Oil imports originating in Malaysia under the India-Malaysia CECA after a DGTR bilateral safeguard investigation found a large surge in imports, low import prices, idling domestic capacity, inability of domestic producers to raise production, and declining market share; relying on section 25(1) of the Customs Act read with rule 9 of the bilateral safeguard rules, the Central Government increased customs duty by 5 percent for 180 days and amended notification No.53/2011 Customs to insert a new tariff entry for item 151190.
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Safeguard duty imposed on RBD palmolein imports from Malaysia to protect domestic industry after import surge.
An interim safeguard duty was imposed on RBD Palmolein and RBD Palm Oil imports originating in Malaysia under the India-Malaysia CECA after a DGTR bilateral safeguard investigation found a large surge in imports, low import prices, idling domestic capacity, inability of domestic producers to raise production, and declining market share; relying on section 25(1) of the Customs Act read with rule 9 of the bilateral safeguard rules, the Central Government increased customs duty by 5 percent for 180 days and amended notification No.53/2011 Customs to insert a new tariff entry for item 151190.
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