Central Govt exempts Crude Soya Bean Oil and Crude Sunflower Seed Oil from Customs Duty on Import subject to Conditions [Read Notification]

The Central Government has notified Customs Duty exemption on import of Crude Soya Bean Oil, whether degummed or not and on Crude Sunflower Oil subject to certain conditions.

Crude Soya-bean oil, whether or not degummed under the  Subheading-1507 10 00 and Crude Sunflower seed oil under the Subheading-1512 11 10 were given the exemption for a limited period till June 30.

The Central Government has exempted the Customs Duty, when imported into India, from the whole of the customs duty leviable thereon under the First Schedule to the Customs Tariff Act and from the whole of the Agriculture Infrastructure and Development Cess leviable thereon under the Finance Act, 2021, subject to the conditions specified:–

(a) Importer produces to the Deputy Commissioner or the Assistant Commissioner of Customs, as the case may be, a valid Tariff Rate Quota (TRQ) authorization for the Financial Year 2022-23 allotted by Directorate General of Foreign Trade;

(b) The TRQ is allotted to the importer by the Directorate General of Foreign Trade, in accordance with the relevant procedure as specified in the HandBook of Procedures, 2015-20 or 2023 as applicable;

(c) The TRQ authorization shall contain the name and address of the importer, IEC code, Customs notification No., sub-heading or tariff item as applicable, quantity and validity period of certificate;

(d) The TRQ authorization shall be issued electronically by the Directorate General of Foreign Trade and transmitted to ICES system;

(e) Imports made against the TRQ shall be allowed only upon debiting electronically in the ICES system.

This notification shall come into force from 11th May, 2023 and be in effect till 30th June, 2023 (both dates included).

Earlier, the Central Government had notified Customs Duty Exemption for all imported drugs and food for special medical purposes for personal use for treatment of all rare diseases.

In order to avail the exemption, the individual importer had to produce a certificate from Central or State Director Health Services District Medical Officer/Civil Surgeon of the district. Drugs/Medicines generally attract basic customs duty of 10%, while some categories of lifesaving drugs/vaccines attract concessional rate of 5% or Nil.

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