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of <h1>India Cuts Customs Duty on Oils and Bengal Gram Until 2025 with Notification No. 48/2021-Customs.</h1> The Government of India, through the Ministry of Finance, issued Notification No. 48/2021-Customs on October 13, 2021, to reduce the Basic Customs Duty (BCD) on certain oils and Bengal gram. Effective from October 14, 2021, until March 31, 2025, the notification exempts specified goods, including crude and refined soya, sunflower, and palm oils, as well as Bengal gram, from customs duties exceeding the standard rates. The notification outlines the applicable tariff items and corresponding standard rates, with subsequent amendments updating the duty rates and effective dates.
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