Import of palm oil/Palmolein in refined/crude forms – regarding

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.... expressed regarding classification of palm oil/palmolein imported in refined or crude forms. 2. This matter was also discussed in the Conference of Chief Commissioners held at Mumbai on 21st and 22nd August, 2003, minutes of which have been issued vide F.No. 401/86/2003-CUS-III dated 4th September, 2003. 3. According to the Explanatory Notes to the HSN, under heading 15.07, fixed vegetable oi....

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....h effect from 1st August, 2003, for the purposes of duty assessment, crude palm oil and its fractions (which includes palmolein) have been given a more specific definition vide Notification No.120/2003-Cus dated 1.8.2003 (which amends Notification No.21/2002-Cus. Dated 1.3.2002). As per this definition, "crude" palm oil/palmolein should have acid value of 2% or more and total carotenoid (as beta c....

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....mentioned above, it will fall under the residuary category of 'other-other', under sub-heading 15119090. 10. The next issue is regarding assessment of imports which have taken place prior to 1.8.2003. It is observed that prior to 1.8.2003 the item 'crude palm oil/palmolein' was neither defined in the tariff nor in any exemption notification. Keeping this in view, it has been decided that Bills o....