Centre cuts customs duty on crude and refined oils

The Central government has reduced the basic customs duty (BCD) on crude and refined edible oils, with the revised rates set to take effect from September 24, 2026.

The BCD on crude soybean oil and crude palm oil has been reduced to 5% from 10%, while the duty on refined soybean oil and refined palm oil has been cut to 27.5% from 32.5%.

The BCD on crude sunflower oil has been reduced to nil from 10%, while the duty on refined sunflower oil has been lowered to 22.5% from 32.5%.