Crude soybean oil and crude sunflower oil are exempt from customs duty and the Agriculture Infrastructure and Development Cess for the next 50 days, with some restrictions. Crude soybean oil, whether or not it has been degummed, and crude sunflower oil, according to a notification from the Ministry, will be exempt “when imported into India, from the entire customs duty leviable and from the Agriculture Infrastructure and Development Cess.”
The announcement stated that it will go into effect on May 11 and be valid until June 30. The notification specifies the requirements for the exemption. The importer must present a valid Tariff Rate Quota (TRQ) authorization for the Financial Year 2022–23 allotted by the Directorate General of Foreign Trade to the Deputy Commissioner or the Assistant Commissioner of Customs.
The DGFT will electronically issue and send the ICES system with the TRQ authorization. The announcement said that imports made in defiance of the TRQ would only be permitted after electronic debiting in the ICES system.
