Trade and markets
 

Detail

Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Vegetable oils
Date
01/02/2018
Policy Category
Trade
Policy Instrument
Import policy
Description
Raised the country\'s import tariff for selected (crude and refined) vegetable oils further.
Notes
On 2 February 2018, the import tariff for selected crude vegetable oils has been raised from 12.5 percent to 30 percent, while the duty for the corresponding refined oils was increased from 20 percent to 35 percent. The tax rise concerns oil from cottonseed, safflowerseed, linseed, castorseed, sesame seed, palmkernel, coconut, olive, groundnut and maize, i.e. those oils that were excluded from last year’s tax hikes (see MPPU Sep. & Dec.’17).