| Import Policy for Edible Oils (1994 to 2008) | |
| Year | Policy |
| April, 1994 | Import of RBD Palmolein Placed on OGL with 65% Import Duty. |
| March, 1995 | Import of all Edible Oils (Except Coconut Oil, Palm Kernel Oil, RDB Palm Oil, RBD Palam Stearin) Placed on OGL With 30% Import Duty. |
| 1996-97 (In Regular Budget) | Further Reduction in Import Duty to 20% + 2% Surcharge. Another Surchage of 3% was Later Imposed Bringing the Total Import to 25% |
| July, 1998 | Import Duty Futher Reduced to 15% |
| 1999-2000 (Budget) | Import Duty Reised to 15% (Basic) + 10% (Surchage) =16.5%. |
| December, 1999 | Import Duty on Crude Oils Raised to 25% (Basic)+10% (Surchage) = 27.5% In Addition 4% SAD Levied on Refined Oils. |
| June, 2000 | Import Duty on Crude Oils to 25% (Basic) + 10% (Surchage) = 27.5% and on Refind Oils Raised to 35% (Basic) +10% (Surcharge) + 4% (SAD) = 44.04% Import Duty on Crude Palam Oil (CPO) for Manufacture of Vanaspati Retanined at 15% (Basic) + 10% (Surcharge) = 16.5%. |
| November, 2000 | Import Duty on CPO for Manufacture of Vanaspati Raised to 25% and on Crude Vegetable Oils Raised to 35%. Import Duty on CPO for other than Vanaspati Manufacture Raised to 55%. Import Duty on Refined Vegetable Oils Raised to 45% (Basic) + 4% (SAD) = 50.8% Import Duty on Refined Palm Oil and RDB Palmolein Raised to 65% (Basic) + 4% (SAD) = 71%. |
| March, 2001 (As Amended on 26-4-2001) | Import Duty on Crude Oils Rased to 75% Except Soybean Oil. The Duty on Refined Oils Including RDB Palmolein Raised to 85% (Basic) Except in the Cases of Soybean Oil and Mustard Oil Where the Duty is Placed at 45% (Basic) SAD Levied on Refined Oils. |
| October, 2001 | Import Duty on Crude Palm Oils and Its Fractions, of Edible Grade, in Loose or Bulk form Reduced form 75% to 65%. |
| November, 2001 | Import duty on crude sunflower oil or safflower oil reduced to 50% upto an aggregate of 1,50,000 MTs (Tariff Rate Quota) of total imports of such goods in a financial year subject to certain conditions. Import duty on refined rape, colza or mustard oil reduced to 45% upto an aggregate of 1,50,000 MTs (Tariff Rate Quota) of total imports of such goods in a financial year subject to certain conditions. |
| March, 2002 | Statusquo on import duty structure of vegetable oils/edible oils maintained. Import of Vanaspati from Nepal be levied SAD @ 4%. |
| August, 2002 | SAD not applicable on Vanaspati imported from Nepal under TRQ. |
| March, 2003 | Statusquo on import duty structure of vegetable oils/edible oils maintained. |
| April, 2003 | Import duty on Refined Palm Oil and RBD Palmolein reduced from 85% to 70% and SAD not applicable on edible oils. |
| July, 2004 | Import duty on Refined Palm Oil and RBD Palmolein raised from 70% to 75%. |
| February, 2005 | Import duty on Crude Palm Oil/Crude Palmolein raised from 65% to 80% and import duty on refined Palm Oil/RBD Palmolein raised from 75% to 90%. |
| 2006-2007 (Budget) | With effect from 1.3.2006, edible oils attract a special additional duty of customs @ 4% and import duty on Vanaspati and similar products raised from 30% to 80%. |
| August, 2006 | W.e.f. 8.8.2006, special additional duty of customs not applicable on Vanaspati imported from Nepal. W.e.f. 11.8.2006, import duly on Crude Palm Oil/Crude Palmolein reduced from 80% to 70% and import duty on refined Palm Oil/RBD Palmolein reduced from 90% to 80%. |
| January, 2007 | W.e.f 24.1.2007, import duty on Crude Palm Oil/Crude Palmolein reduced from 70% to 60%, import duty on refined Palm Oil/RBD Palmolein reduced from 80% to 67.5%, import duty on Crude Sunflower oil reduced from 75% to 65% and import duty on Refined Sunflower oil reduced from 85% to 75%. |
| 2007-2008 (Budget) | W.e.f. 01.03.2007, import duty on Crude Sunflower Oil reduced from 65% to 50% and import duty on refined Sunflower Oil reduced from 75% to 60%. Further, edible oils (except Soybean oil, rapeseed oil and mustard oil) attract education cess of 3% of the aggregate of customs duty. Crude and refined edible grade vegetable oils exempted from 4% SAD w.e.f 01.3.2007. |
| April, 2007 | W.e.f 13.4.07, import duty on Crude Palm Oil / crude Palmolein has been reduced from 60% to 50% and import duty on Refined Palm Oil / RBD has been reduced from 67.5% to 57.5%. |
| July, 2007 | W.e.f 23.7.2007, import duty on Crude Palm Oil/Palmolein and Refined Palm Oil/Palmolein reduced from 50% to 45% and 57.5% to 52.5% respectively and import duty on Crude and Refined Sunflower Oil reduced from 50% to 40% and 60% to 50% respectively and import duty on Crude and Refined Soybean Oil reduced from 45% to 40%. |
| March, 2008 | W.e.f 21.3.2008, import duty on Crude Palm Oil /Palmolein and Refined Palm Oil / Palmolein reduced from 45% to 20% and 52.5% to 27.5% respectively and import duty on Crude and Refined Sunflower Oil reduced from 40% to 20% and 50% to 27.5% respectively and import duty on Crude & Refined Mustard/Rapeseed Oil reduced from 75% to 20% and 75% to 27.5% respectively. |
| 1st April, 2008 | W.e.f. 1.4.2008, the import duly on crude and refined forms of edible oils reduced to Nil and 7.5% respectively. |
