Customs exemption for edible vegetable oils limits import duty above a prescribed ad valorem rate for qualifying bulk imports. The Government exempts imports of edible-grade vegetable oils in loose/bulk form, excluding coconut oil, RBD palm oil, RBD palm kernel oil and palm stearin, from customs duty in excess of a prescribed ad valorem rate, exercising statutory power to grant exemptions in the public interest and thereby capping customs liability on qualifying imported edible vegetable oils.
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.
Customs exemption for edible vegetable oils limits import duty above a prescribed ad valorem rate for qualifying bulk imports.
The Government exempts imports of edible-grade vegetable oils in loose/bulk form, excluding coconut oil, RBD palm oil, RBD palm kernel oil and palm stearin, from customs duty in excess of a prescribed ad valorem rate, exercising statutory power to grant exemptions in the public interest and thereby capping customs liability on qualifying imported edible vegetable oils.
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