The Department of Revenue vide notification dated 12th February, 2022 has extended the validity of revised standard duty of customs leviable on oil products. The prior notification dated 13 October 2021 provided that no standard duty of customs shall be leviable on Crude Soya-bean oil, whether or not degummed, Crude Palm Oil and Crude Sunflower. 17% of standard duty of customs shall be leviable on Soya-bean oil, edible grade, Refined bleached deodorized(RBD) palm oil, RBD palmolein, RBD palm stearin and any palm oil other than crude palm oil and Sunflower oil, edible grade.
This validity of this notification has been extended till 13 October, 2021.
