Continuation of Scheme for Distribution of Subsidised Imported Edible Oils through States/UTs and Continued Ban on Export of Edible Oils

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....ontinuation of Scheme for Distribution of Subsidised Imported Edible Oils through States/UTs and Continued Ban on Export of Edible Oils <br>News and Press Release<br>Dated:- 5-10-2012<br><BR>Press Information Bureau Government of India Cabinet Committee on Economic Affairs (CCEA) 04-October-2012 20:44 IST The Cabinet Committee on Economic Affairs (CCEA) has given its approval to continue the b....

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....an on export of edible oils with certain exemptions w.e.f. 1.10.2012 till further orders. The CCEA also gave its approval to the following: (i) Extension of the scheme for distribution of subsidized imported edible oils through State Governments/ Union Territories w.e.f. 1.10.2012 to 30.9.2013, with central subsidy of Rs.15/-per kg for import of up to 10 lakh tonnes of edible oils during this per....

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....iod. (ii) Permission to export edible oils in branded consumer packs of up to 5 kgs. with a ceiling of up to 20,000 tonnes per annum, w.e.f. 1.10.2012, to meet the increasing demand from Indians living abroad. (iii) Ex-post facto sanction to the excess exported edible oils in branded consumer packs of up to 5 kgs. of 20,912 MTs as on 31.7.2012 over and above the permitted quantity of 10,000 MTs ....

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....for one year between 1.11.2011 to 31.10.2012 and mid-term assessment of quantity of export of edible oils by Department of Commerce and licensing mechanism by DGFT. In order to provide relief to consumers especially to BPL households the current scheme for distribution of subsided imported edible oils will be continued. Due to the decline in production of oilseeds and edible oils during 2011-12,....

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.... drought like situation during current kharif season and less monsoon in major oilseeds growing states, the domestic availability of edible oils will be lower this year. Therefore, the ban on export of edible oils will be continued with certain exemptions. *** SH/SKS<BR> News - Press release - PIB....