Finance Ministry hikes rate of Custom Duty on Vegetable Oils

The Central Government vide Notification No. 34/2014-Customs dated 24^th December 2014 has increased the customs duty on crude and refined vegetable oils by 5 percent. The existing and amended rates are as under:-

 

S. No.	Chapter or Heading or sub-heading or tariff item	Description of goods	Rate of duty %
			EXISTING	AMENDED
(1)	(2)	(3)	(4)	(5)
51	15	Crude Palm Oil - 1511	2.5	7.5
55	15071000	All goods (Soya)	2.5	7.5
56	15079010	All goods (Soya)	10.0	15.0
57	1508, 1509, 1510, 1512, 1513, 1514, or 1515	All goods, crude and edible grade (Ground nut)	2.5	7.5
58	1508,1509, 1510, 1512, 1513, 1514 or 1515	All goods, refined and edible grade	10.0	15.0
59	1511 90	All goods (Palm)	10.0	15.0
62	15121110	All goods (sunflower)	2.5	7.5
63	15121910	All goods(sunflower)	10.0	15.0
65	1514 11 or 1514 91	All goods, edible grade (rape, colza or mustard)	2.5	7.5
66	1514 19 or 15 14 99	All goods, edible grade (rape, colza or mustard)	10.0	15.0
69	1516 20	All goods, edible grade (animal or Vegetable fats)	10.0	15.0
71	1517 10 21, 1517 90 10, 1517 90 20, 1518 00 11, 1518 00 21 or 1518 00 31	All goods, edible grade (margarine)	10.0	15.0

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