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2015
Edible Oil estimates for India ( marketing year- November 2014- October 2015) ................ 2
2.
3.
4.
5.
6.
7.
Indias top import sources of Palm, Soya and Sunflower Oils ............................................. 10
8.
9.
10.
11.2
11.3
1|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1. Edible Oil estimates for India (marketing year- November 2014- October 2015)
(Unit: Million Tonnes)
2013-14
10.79
10.94
21.73
0.71
21.02
Source
DVVOF
DOC
DVVOF
Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) and Department of Commerce
* For 2014-15 estimates, production and export & industrial use are taken from Directorate of Vanaspati, Vegetable oil
and Fats (DVVOF) and import as last year.
**Figure of import is for the period Nov-June, 2014-15.
Availability: Domestic production plus Imports; Total Availability for Domestic Consumption: Availability minus
export and Industrial use.
The estimated figure indicates that domestic production (i.e 7.91 million MT) of edible oils in
2014-15 may be less than that of the actual production (i.e, 8.08 million MT) in 2013-14.
14
12
10
8
6
4
2
0
Groundnut
Rapeseed
Soyabean
Sunflower
Indias Soybean production has increased in the last 10 years at CAGR of 4.54 percent.
Production of Groundnut increased substantially from 4.60 million tons in 2012-13 to
9.67 million tonnes 2013-14 showing a growth of about 110%. However, production is
estimated to be at 6.65 million tons in 2014-15.
2|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
Mlillion Tonnes
2.5
2
1.5
1
0.5
0
Groundnut Oil
Rapeseed Oil
Soyabean Oil
Sunflower Oil
Soybean oil production has increased in the last 10 years at CAGR of 5.67 percent.
Production of Rapeseed oil has increased in the last 10 years at CAGR of 0.46 percent.
A) Groundnut oil
2
1.5
1
0.5
0
2011/12
2012/13
2013/14
2014/15
China
India
2.532
2.686
2.725
2.76
1.16
1.18
1.22
1.4
Burma Nigeria
0.25
0.27
0.27
0.27
0.28
0.263
0.263
0.263
Sudan
0.15
0.15
0.155
0.155
Tanzani
Argentin United
Senegal
Burkina
a
a
States
0.117
0.117
0.061
0.085
0.055
0.133
0.115
0.074
0.095
0.055
0.133
0.115
0.085
0.093
0.055
0.133
0.115
0.094
0.093
0.055
3|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
B) Mustard Oil
10
8
6
4
2
0
EU
China
Canada
India
Japan
US
Mexico
Russia
Pakistan
UAE
2011/12
8.98
5.725
3.07
2.2
0.507
0.608
0.374
0.48
0.345
2012/13
9.424
6.045
2.95
2.35
1.055
0.573
0.58
0.416
0.395
0.264
2013/14
9.495
6.259
3.16
2.5
1.012
0.704
0.58
0.478
0.415
0.293
2014/15
9.546
6.08
3.23
2.6
1.012
0.715
0.6
0.488
0.415
0.293
European Union (EU) is the top producer followed by China and Canada in 2014-15.
India is the fourth largest producer.
Indias share in global production of mustard oil in 2014-15 was 10.40 percent.
C) Sunflower oil
5
4
3
2
1
0
Argentin
Turkey
a
China
South
Africa
Pakistan
India
United
States
0.718
0.348
0.272
0.34
0.205
0.149
0.99
0.769
0.476
0.278
0.285
0.22
0.196
1.16
0.875
0.49
0.335
0.313
0.21
0.181
1.18
0.867
0.455
0.335
0.33
0.2
0.172
Ukraine
Russia
EU
2011/12
3.933
3.552
2.937
1.565
2012/13
3.615
3.117
2.753
2013/14
4.515
3.851
2.937
2014/15
4.175
3.92
2.926
Ukraine is the largest producer followed by Russia and EU in 2014-15. India is the 9th
largest producer.
Indias share in global production of sunflower oil in 2014-15 was 1.37 percent.
4|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
D) Soybean oil
14
12
10
8
6
4
2
0
2011/12
2012/13
2013/14
2014/15
China
US
10.914
11.626
12.245
12.985
8.954
8.99
9.036
8.985
Argenti
Brazil
na
6.839
7.31
6.364
6.76
7.1
7.1
7.6
7.12
EU
India
2.226
2.317
2.242
2.283
1.71
1.69
1.638
1.78
Paragua
y
0.657 0.172
0.653 0.565
0.69
0.67
0.71
0.708
Mexico
Russia Bolivia
0.43
0.437
0.491
0.501
0.355
0.39
0.355
0.375
China, United States, Argentina and Brazil are the key producers of Soybean oil in 201415.
Indias share in global production of Soybean Oil in 2014-15 is around 4.13 percent.
A.
Groundnut oil
0.09
0.08
0.07
0.06
0.05
0.04
0.03
0.02
0.01
0
2011/12
2012/13
2013/14
2014/15
Argenti
Brazil
na
0.055 0.038
0.069 0.063
0.074 0.045
0.083 0.036
US
Mali
0.007
0.006
0.003
0.019
0.019
0.019
0.019
0.019
Senegal China
0.018
0.015
0.015
0.015
0.009
0.006
0.01
0.01
Sudan
0.005
0.005
0.005
0.005
Gambia
, The
0.02
0.005
0.004 0.005
0.004 0.005
0.005 0.005
India
Nigeria
0.003
0.003
0.003
0.003
Argentina and Brazil are the top two exporting countries of Groundnut oil in 2014-15.
India is the 8th largest exporting country of groundnut oil in the world.
5|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
Million Tonnes
0.09
0.08
0.07
0.06
0.05
0.04
0.03
0.02
0.01
0
2011/12
2012/13
2013/14
2014/15
EU
China
US
0.067
0.066
0.08
0.084
0.062
0.065
0.05
0.05
0.013
0.005
0.018
0.016
Hong
Kong
0.008
0.012
0.012
0.012
Switzerlan
d
0.005
0.005
0.005
0.005
Nigeria
Malaysia
Japan
0.001
0.001
0.001
0.001
0.001
0.001
0.001
0.001
0.001
0.001
0.001
0
B.
EU and China are the major importing bloc/country of groundnut oil in 2014-15.
Mustard oil
2.5
2
1.5
1
0.5
0
Canada
2011/12 2.676
2012/13 2.516
2013/14 2.5
2014/15 2.66
EU
Russia
UAE
US
0.23
0.445
0.38
0.4
0.226
0.203
0.3
0.28
0.318
0.272
0.265
0.263
0.301
0.215
0.136
0.2
Australi
a
0.046 0.112
0.104 0.129
0.12
0.115
0.13
0.115
Belarus
Paragua
y
0.014 0.012
0.004 0.013
0.058 0.013
0.05
0.014
Ukraine
Hong
Kong
0.013
0.014
0.014
0.014
Canada is the largest exporter of Mustard oil in the world followed by EU and Russia.
6|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
US
2011/12 1.492
2012/13 1.252
2013/14 1.475
2014/15 1.7
China Norway
1.036
1.598
1.3
1.4
0.315
0.314
0.35
0.35
EU
0.607
0.21
0.3
0.3
Korea,
Canada
South
0.103 0.092
0.082
0.17
0.1
0.08
0.1
0.08
Chile
Mexico
India
0.044
0.045
0.065
0.06
0.048
0.042
0.055
0.057
0.098
0.008
0.1
0.05
Hong
Kong
0.054
0.045
0.045
0.047
The US and China are the leading importing countries of Mustard oil in the world. India
is the 9th largest importing country in 2014-15.
C. Sunflower oil
4
3.5
3
2.5
2
1.5
1
0.5
0
Argenti
Turkey
na
1.427
0.79
0.271
0.942
0.35
0.289
1.55
0.52
0.43
1.65
0.5
0.4
Ukraine Russia
2011/12 3.263
2012/13 3.245
2013/14 3.76
2014/15 3.7
EU
0.208
0.239
0.27
0.22
Moldov
a
0.094 0.076
0.096 0.033
0.075
0.05
0.08
0.06
Bolivia Serbia
0.083
0.07
0.08
0.1
South
Mexico
Africa
0.042 0.033
0.031 0.032
0.04
0.026
0.04
0.026
Ukraine and Russia are the top two global exporters of sunflower oil during 2014-15.
7|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
India
2011/12 1.114
2012/13 0.939
2013/14 1.3
2014/15 1.4
EU
Egypt
Turkey
China
Iran
Iraq
Algeria
0.991
0.942
1
0.95
0.94
0.62
0.8
0.9
0.651
0.657
0.75
0.68
0.122
0.362
0.45
0.5
0.333
0.163
0.3
0.35
0.216
0.197
0.3
0.3
0.229
0.048
0.2
0.21
Uzbeki
Belarus
stan
0.123 0.098
0.111 0.097
0.13
0.11
0.12
0.115
D.
India is the largest importer of Sunflower oil followed by EU, Egypt, and Turkey during
2014-15.
There is a secular increase in the importation of Sunflower oil of China.
Soybean oil
5
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
2011/12
2012/13
2013/14
2014/15
Argenti
Brazil
na
3.794 1.885
4.244 1.251
4.42
1.4
4.72
1.3
EU
US
0.741
1.013
0.8
0.8
0.664
0.982
0.794
0.771
Paragua
Malaysi
Bolivia Russia
Canada Ukraine
y
a
0.127 0.224 0.142 0.157 0.073 0.053
0.558
0.26
0.129
0.13
0.103 0.068
0.615
0.26
0.27
0.133
0.1
0.09
0.65
0.26
0.21
0.134
0.11
0.09
Argentina is the largest exporting country in the world followed by Brazil, EU, and the
US during 2014-15.
8|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
India
China
Iran
Algeria
2011/12 1.174
2012/13 1.086
2013/14 1.55
2014/15 1.65
1.502
1.409
1.28
1.35
0.411
0.543
0.63
0.65
0.438
0.575
0.585
0.6
Venezu
ela
0.415
0.374
0.4
0.42
Peru
0.344
0.363
0.37
0.38
Egypt
0
0.324
0.325
0.325
E.
India is the largest importer of soybean oil that constituted 17.55 percent of the global
import in the year 2014-15.
Palm oil
Million Tonnes
25.00
20.00
15.00
10.00
5.00
0.00
2011/12
2012/13
2013/14
2014/15
Indonesia
Malaysia
18.45
20.37
20.40
22.00
17.59
18.52
17.30
17.70
Papua New
Guinea
0.59
0.56
0.64
0.64
Thailand
Benin
0.29
0.55
0.55
0.58
0.25
0.43
0.39
0.39
9|C o m m od i t y P r of i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
Million Tonnes
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2011/12
2012/13
2013/14
2014/15
India
China
7.5
8.3
8.3
8.8
5.8
6.6
6.3
6.6
European
Union
5.7
6.8
6.2
6.3
Pakistan
United
States
2.2
2.2
2.5
2.7
1.0
1.3
1.4
1.4
Banglade
sh
1.0
1.0
1.1
1.3
Egypt
Iran
1.4
1.0
1.4
1.3
0.6
0.7
0.7
0.8
India is the largest importer of Palm oil in the world followed by China, EU and Pakistan.
(Million Tonnes)
Table 2: Indias Import of Major Edible Oils during 2011-12 to 2015-16
Year
Soybean Oil
Palm Oil
Sunflower Oil
2011-12
0.8
6.5
0.8
2012-13
1.1
8.4
1.1
2013-14
1.3
7.6
1.1
2014-15
2.3
8.1
1.7
2015-16(April-May) 0.4
1.5
0.2
Source: Department. Of commerce
India imports substantial amount of edible oils for its domestic consumption. Among all
edible oils importation into India, Palm oil importation share is around 70-80 percent.
Table 3: Indias Top Import Sources of Palm, Soya and Sunflower Oils
Edible Oils
Import Source
Soybean Oil
Argentina and Brazil
Palm Oil
Indonesia and Malaysia
Sunflower
Ukraine and Mexico
Source: Department of Commerce
10 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
Groundnut oil
120000
110000
100000
90000
80000
70000
Jul-15
Jun-15
Apr-15
May-15
Feb-15
Mar-15
Jan-15
Dec-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Jun-14
May-14
Apr-14
Feb-14
Mar-14
Jan-14
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
Jun-13
May-13
Apr-13
60000
Source: Domestic Price Agriwatch and International Price are FAO Prices.
II.
Domestic prices of Groundnut oil are lower than that of International prices during July
2013 to April 2014 and June to December 2014.
Mustard oil
Jun-15
Jul-15
Apr-15
May-15
Feb-15
Mar-15
Jan-15
Nov-14
Dec-14
Sep-14
Oct-14
Aug-14
Jun-14
Jul-14
Apr-14
May-14
Feb-14
Mar-14
Jan-14
Nov-13
Dec-13
Sep-13
Oct-13
Aug-13
Jun-13
Jul-13
85000
80000
75000
70000
65000
60000
55000
50000
45000
40000
Apr-13
May-13
Rs per Tonnes
Source: Domestic Price Agriwatch and International Price are FAO Prices.
Domestic price of Mustard Oil is higher than that of International prices throughout the
years.
Since April 2015, the domestic price as well as international prices are showing
increasing trend.
11 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
III.
Sunflower oil
90000
85000
80000
75000
70000
65000
60000
55000
50000
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Rs per Tonnes
Source: Domestic Price Agriwatch and International Price are CIF Ukraine origin Prices.
IV.
Domestic prices of Sunflower oil are higher that International prices throughout.
Soybean oil
Rs per Tonnes
70000
65000
60000
55000
50000
45000
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
40000
Source: Domestic Price Agriwatch and International Price are CIF Argentina origin Prices.
Domestic prices of soybean oil are higher than International prices throughout period.
12 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
V.
Palm oil
55000
50000
45000
40000
35000
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
30000
International price of palm oils are showing mixed trend from December 2014.
Domestic future prices of Soya bean and Palm oil
9.
Unit: Rs/Quintal
Table 4: Soya bean oil future prices
Contract
Month
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Change
over
previous
year
Aug-15
Oct-15
Nov-15
Dec-15
5788.5
5607.5
5515.5
5486.0
5662.5
5533.5
5450.0
2405.0
5836.0
5697.0
5670.0
5672.0
6028.0
5929.0
5889.0
5888.5
6191.0
6048.0
5868.5
5844.0
6660.0
6576.0
6102.0
6052.0
-15.06
-17.27
-10.71
-10.32
Future price for Soya bean oil is expected to decrease over the previous year.
Unit: Rs/ Quintal
Table 5: Crude Palm oil future prices
Contract
Month
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15
Oct-15
Nov-15
3935.0
3970.0
4022.0
4016.0
4022.0
4041.0
4336.0
4334.0
4345.0
4533.0
4541.0
4635.0
4700.0
4734.0
4880.0
4818.0
4802.0
-24.02
-21.36
-19.39
Future price for Crude Palm bean oil is expected to decrease over the previous year.
13 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
10.
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15
Oct-15
Nov-15
Dec-15
Jan-16
Mar-16
May-16
Jul-16
637.36
639.12
641.54
646.17
652.35
656.98
659.62
662.49
653.89
655.87
658.30
662.93
668.44
672.41
674.83
677.48
721.79
724.00
726.20
731.93
735.90
736.78
734.58
719.81
733.48
734.36
734.58
738.33
734.58
735.46
729.95
732.82
723.34
722.23
716.94
716.72
721.57
714.30
718.49
722.23
748.47
749.13
750.67
756.63
762.36
768.97
775.14
779.99
-17.43
-17.21
-17.01
-17.09
-16.86
-17.05
-17.51
-17.74
International future prices of Soya bean are expected to decrease over the last year.
Unit: USD/Tonnes
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15
Oct-15
Nov-15
Dec-15
Jan-16
Mar-16
May-16
Jul-16
502.01
508.02
513.28
521.80
532.58
547.12
557.89
557.89
510.03
511.28
514.29
519.80
527.32
540.85
549.87
550.63
551.88
551.63
552.63
556.14
575.94
586.72
597.49
601.25
553.88
552.88
553.13
553.63
555.39
557.64
566.92
575.44
569.17
572.68
573.18
570.43
564.16
551.88
549.37
555.39
538.85
534.59
534.84
539.10
545.11
550.13
552.63
553.13
-7.34
-5.23
-4.2
-3.31
-2.35
-0.55
0.94
0.85
International future prices of Palm oil are expected to decrease over the last year.
Import Policy
Item Description
Soya-bean oil and its fractions, whether or not
refined, but not chemically modified
Crude, whether or not degummed
Other:
Edible grade
Other
Groundnut Oil and its fractions, whether or not
refined but not chemically modified
Crude
Policy
Conditions
Remarks
Free
Free
Free
Free
14 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1508 90
1508 90 10
1511 10 00
Other:
Deodorized (Salad Oil)
Other :
Edible Grade
Other
Olive Oil and its fractions, whether or not refined
but not chemically modified
Virgin
Other:
Edible grade
Other
Other Oils and their fractions, obtained, solely from
olives, whether or not refined, but not chemically
modified, including blends of these oils or fractions
with oils or fractions of heading 1509
Crude oil
Edible Grade
Other
Palm Oil and its fractions, whether or not refined,
but not chemically modified
Crude
1511 90
1511 90 10
1508 90 91
1508 90 99
1509
1509 10 00
1509 90
1509 90 10
1509 90 90
1510
1510 00 10
1510 00 91
1510 00 99
1511
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Other:
Refined bleached deodorised palm oil
Free
1511 90 20
Free
1511 90 90
Other
Free
1512
1513 11 00
1513 19 00
Other
1512 11
1512 11 10
1512 11 20
1512 19
1512 19 10
1512 19 20
1512 19 30
1512 19 40
1512 19 90
1512 21 00
1512 29
1512 29 10
1512 29 90
1513
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
1513 21 10
Free
1513 29
1513 29 10
Other:
Palm Kernel Oil and its fractions
Free
1513 29 20
1513 29 30
1513 29 90
1514
1514 11
1514 11 10
1514 11 20
1514 11 90
1514 19
1514 19 10
1514 19 20
1514 19 90
1514 91
1514 91 10
1514 91 20
1514 91 90
1514 99
1514 99 10
1514 99 20
1514 99 30
1514 99 90
1515
1515 11 00
1515 19
1515 19 10
1515 19 90
1515 21 00
1515 29
1515 29 10
1515 29 90
1515 30
1515 30 10
1515 30 90
1515 50
1515 50 10
1515 50 91
1515 50 99
1515 90
1515 90 10
1515 90 20
1515 90 30
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
16 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
1515 90 40
1515 90 91
1515 90 99
1516
1516 10 00
1516 20
1516 20 11
1516 20 19
1516 20 21
1516 20 29
1516 20 31
1516 20 39
1516 20 91
1516 20 99
Free
Free
Free
Prohibited
Free
Free
Free
Free
Free
Free
Free
Free
11.2
Export Policy
At present, export of edible oils is prohibition*. The following exemptions are permitted from the
prohibition on export of edible oils:
a) Castor oil
b) Coconut oil from all EDI Ports and through all Land Custom Stations (LCS) on Indo-Nepal, IndoBangladesh, Indo-Bhutan and Indo-Pakistan borders.
c) Deemed export of edible oils(as input raw material) from DTA to 100% EOUs for production of
non-edible goods to be exported
d) Edible oils from Domestic Tariff Area (DTA) to Special Economic Zones (SEZs) to be consumed by
SEZ units for manufacture of processed food products, subject to applicable value addition norms
e) Edible oils produced out of minor forest produce, ITC (HS) Code 15159010, 15159020, 15159030,
15159040, 15179010 and 15219020.
f) 10,000 MTs of Organic edible oils per annum. The conditions notified in Notification No. 50 dated
03.06.2011 for export of organic edible oils will continue to apply.
g) Rice Bran oil in bulk.**
*i) DGFTs Notification No 22 (RE 2013)/2009-2014 dated 18 June, 2013)
ii) Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price
of USD 900 per MT (vide DGFTs Notification No. 108 (RE2013)/2009-14 dated 6th Feb, 2015)
iii) The prohibition will not apply to export of Peanut Butter, ITC (HS) Code 15179020.
(Source: DGFT)
** iv) Bulk export of rice bran oil is allowed vide DGFTs notification no. 17/2015-20 dt 6th Aug 2015.
17 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5
11.3
Description
Bound Duty
Standard Duty
15071000
15079010
15081000
15089091
15091000
15099010
15111000
151190
151211
45
45
300
300
45
40
300
300
300
45
45
100
100
45
40
100
100
100
7.5
15.0
7.5
15.0
7.5
15.0
7.5
15.0
7.5
300
100
15.0
300
300
75
75
100
100
75
75
7.5
15
7.5
15.0
75
75
15.0
15121910
15131100
15131900
15141120
15141910
15149920
Source: DGFT, Department of Revenue, Government of India and World Trade Organisation (WTO)
# applied duty on crude edible oil has been increased from 2.5% to 7.5% and on refined edible oil from 10% to 15% by
Department of Revenue vide Notification No. 34/2014-Customs dated 24.12.2014.
18 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r A u g u s t - 2 0 1 5