(a) whether the Union Government has announced new rates for levy of import duty on
edible oils including coconut oil;
(b) if so, the details in this regard, edible oil-wise;
(c) the criteria fixed for announcing new rates for levying import duty on edible oil; and
(d) steps taken by the government to safeguard the economy of various States from the likely adverse effects of import duty on edible oil?
MINISTER OF FINANCE (SHRI P. CHIDAMBARAM)
(a), (b), (c) and (d): A Statement is laid on the Table of the House.
STATEMENT IN REPLY TO PARTS (At (B). (C) AND CD) OF LOK SABHA STARRED QUESTION NO. 255 FOR 17.12.2004
REGARDING REVISION OF IMPORT DUTY RAISED BY SHRI KIRTI VARDHAN SINGH AND LONAPPAN NAMBADAN.
(a) No, Sir. The Government has not announced any new rates of levy of import duty on edible oils including
coconut oil recently. However, customs duty on palm oils other than crude palm oil was increased from 70% to 75%
in the Union Budget announced on 8th July, 2004. Similarly, tariff values for levy of import duty on edible oils
have been revised downwards vide Notification no.l05/2004-Cus.(N.T), dated 15th September 2004, in view
of fall in international prices.
(b) & (c) The revised rates of Tariff Value issued vide Notification No.105/2004-Cus.(N.T), dated 15th September 2004, is as under:
(i) Crude Palm Oil 454 US$ PMT
(ii) RBD Palm Oil 489 US$ PMT
(iii) Others - Palm Oil 471 US$ PMT
(iv) Crude Palmolein 479 US$ PMT
(v) RBD Palmolein 497 US$ PMT
(vi) Others - Palmolein 488 US$ PMT
(vii) Crude Soyabean Oil 565 US$ PMT