No change in tariff value of imported edible oils
The government on Thursday left unchanged the base price for levying Customs duties on palm oil and soyabean oil to stabilise rates of the commodities at current levels.
By TNN |
NEW DELHI: The government on Thursday left unchanged the base price for levying Customs duties on palm oil and soyabean oil to stabilise rates of the commodities at current levels. Tariff values of six palm oils and crude soybean oil have not been changed for the next 15 days, according to a notification issued by the finance ministry.
The value is fixed every fortnight to keep a check on under-invoicing of imported oils. The base price or tariff value has not been revised since July last year.
The tariff rate for crude palm oil (CPO) remains at $447 per tonne while crude soybean oil is $580. The tariff rate for other oils are: RBD palm oil $476, other palm oils $462, crude palmolein $481, RBD palmolein $484 and other palmolein $483.
However, the government increased the tariff value for brass scrap (all grades) to $4,673 per tonne for the next fortnight, an official release said.
The value is fixed every fortnight to keep a check on under-invoicing of imported oils. The base price or tariff value has not been revised since July last year.
The tariff rate for crude palm oil (CPO) remains at $447 per tonne while crude soybean oil is $580. The tariff rate for other oils are: RBD palm oil $476, other palm oils $462, crude palmolein $481, RBD palmolein $484 and other palmolein $483.
However, the government increased the tariff value for brass scrap (all grades) to $4,673 per tonne for the next fortnight, an official release said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
