AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityVegetable oils
Date01/02/2018
Policy CategoryTrade
Policy InstrumentImport policy
DescriptionRaised the country\'s import tariff for selected (crude and refined) vegetable oils further.
NotesOn 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 years tax hikes (see MPPU Sep. & Dec.17).
