Customs exemption amendment: crude palm oil definition clarified and tariff classification revised, changing import treatment. Amendment replaces the Table entries in Notification No.21/2002-Customs: S.No.34 now exempts crude palm oil and its fractions of edible grade, in loose or bulk form, subject to an acid value threshold and a specified total carotenoid range, and includes an explanation defining 'crude' to mean oils obtained by pressure with only decantation, centrifugation or filtration permitted; oils by extraction remain crude only if colour, odour and taste are unchanged. S.No.434's column (2) tariff entry is substituted with the revised code.
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Amendment replaces the Table entries in Notification No.21/2002-Customs: S.No.34 now exempts crude palm oil and its fractions of edible grade, in loose or bulk form, subject to an acid value threshold and a specified total carotenoid range, and includes an explanation defining "crude" to mean oils obtained by pressure with only decantation, centrifugation or filtration permitted; oils by extraction remain crude only if colour, odour and taste are unchanged. S.No.434's column (2) tariff entry is substituted with the revised code.
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