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        Seeks to amend the notification No. 50/2021-Customs dated 30.06.2017 and notification No. dated 11/2021 dated 01.02.2021 in order to reduce and rationalise the import duties on Palm, Sunflower and Soya-bean oils . - 42/2021 - Customs -Tariff

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        Import duty reduction on edible oils: revised customs tariff entries alter import duty treatment for specified oils effective immediately. The notification amends Notification No. 50/2017 Customs by substituting revised percentage tariff entries at specified serial numbers to reduce and rationalise import duties on palm, sunflower and soya bean oils, and amends Notification No. 11/2021 Customs by substituting the description at the relevant serial number with 'Crude Palm Oil' and replacing its tariff entry with a revised percentage rate; the amendments are made under the cited statutory powers and take effect the day after publication.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Import duty reduction on edible oils: revised customs tariff entries alter import duty treatment for specified oils effective immediately.

                            The notification amends Notification No. 50/2017 Customs by substituting revised percentage tariff entries at specified serial numbers to reduce and rationalise import duties on palm, sunflower and soya bean oils, and amends Notification No. 11/2021 Customs by substituting the description at the relevant serial number with "Crude Palm Oil" and replacing its tariff entry with a revised percentage rate; the amendments are made under the cited statutory powers and take effect the day after publication.





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                            ActsIncome Tax
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