Tariff change for edible oils adjusts duty rates and import aggregate triggers under revised customs notification. Notification No. 119/2001-Customs inserts four entries distinguishing imports of crude sunflower/safflower oil and refined rape/colza/mustard oil into categories within an aggregate import limit and all other imports, applying differentiated ad valorem duty rates accordingly; it is made under section 25(1) of the Customs Act, 1962 and also substitutes the EXIM Facilitation Committee in the Directorate General of Foreign Trade for the Agricultural and Processed Food Products Export Development Authority in Condition No.1 of the Annexure.
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Tariff change for edible oils adjusts duty rates and import aggregate triggers under revised customs notification.
Notification No. 119/2001-Customs inserts four entries distinguishing imports of crude sunflower/safflower oil and refined rape/colza/mustard oil into categories within an aggregate import limit and all other imports, applying differentiated ad valorem duty rates accordingly; it is made under section 25(1) of the Customs Act, 1962 and also substitutes the EXIM Facilitation Committee in the Directorate General of Foreign Trade for the Agricultural and Processed Food Products Export Development Authority in Condition No.1 of the Annexure.
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