FinMin Amends Import Duty Rates on Crude Edible Oils and Extends Exemption for Yellow Peas [Read Notification]
The Finance Ministry has revised import duties on crude edible oils to 10% and extended the yellow peas import exemption until March 31, 2026.
Customs notification - Edible oil import duty - Finance Ministry customs - TAXSCAN
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Customs notification - Edible oil import duty - Finance Ministry customs - TAXSCAN
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The Ministry of Finance issued Notification No. 31/2025-Customs dated May 30, 2025, announcing key changes to import duties on select crude edible oils and an extension of duty exemption for yellow peas, effective immediately.
As per the notification, the Ministry of Finance has amended previous customs notifications to revise import duties on specific crude edible oils to 10% and extend the exemption period for yellow peas imports.
The Central Government has amended Notification No. 50/2017-Customs dated June 30, 2017. The import duty rates under serial numbers 57, 61, and 70 in the relevant schedule are now substituted with a flat rate of 10%. These serial numbers pertain to different categories of crude edible oils, and the duty adjustment is intended to streamline import costs in the wake of market fluctuations.
The Government has also amended Notification No. 64/2023-Customs dated December 7, 2023. The exemption for the import of yellow peas, previously set to expire on May 31, 2025, has now been extended until March 31, 2026. This extension is likely aimed at stabilizing domestic prices and supporting food processing industries that rely heavily on imported pulses.
The official table of amendments is reproduced below:
TABLE: Amendments to Customs Notifications
| S. No. | Notification No. and Date | Amendments |
| 1 | 50/2017-Customs, dated 30th June, 2017 | In the said notification, in the Table: (i) Against S. No. 57, in column (4), for the entry, the entry “10%” shall be substituted; (ii) Against S. No. 61, in column (4), for the entry, the entry “10%” shall be substituted; (iii) Against S. No. 70, in column (4), for the entry, the entry “10%” shall be substituted. |
| 2 | 64/2023-Customs, dated 7th December, 2023 | In the said notification, in the Table, against S. No. 1, in column (4), for the words and figures “31st day of May, 2025”, the words and figures “31st day of March, 2026” shall be substituted. |
The changes were enacted under the authority of Section 25(1) of the Customs Act, 1962, read with Section 124 of the Finance Act, 2021, and have come into immediate effect.
To Read the full text of the Order CLICK HERE
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