CBIC reduce the basic custom duty on Crude Palm Oil [1511 10] and Palm Oil other than Crude Palm Oil [1511 90] till 30th September 2021 vide Notification No. 34/2021-Customs | Dated: 29th June, 2021.
MINISTRY OF FINANCE
(Department of Revenue)
G.S.R. 449 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter, heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in column (2) of the said Table, when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule, as is in excess of the amount calculated at the standard rate specified in the corresponding entry in column (4) of the said Table, namely –
|S. No.||Chapter, heading, sub-heading or tariff item||Description||Standard Rate|
|1||1511 10 00||Crude Palm Oil||10%|
|2||1511 90||All goods (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil)||37.5%|
2. This notification shall come into effect on 30th June 2021 and will remain in force upto and inclusive of the 30th September, 2021.
[F. No. CBIC-190354/87/2021-TRU Section-CBEC]
RAJEEV RANJAN, Under Secy