Customs duty on edible oils reduced
The Customs duty on Soya bean oil has been reduced to 40% from the present 45%. Crude palm oil will also attract the reduced rate of 40%. Sunflower seed oil will attract 40% while edible grade sunflower oil will be charged at 50%. Palm oil not chemically modified will now be charged at 52.5% against the existing 57.5%.
Notification No. , Dated July 23, 2007