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Excise and custom duty on edible oil
If i am going to import edible oil and to resael it in indian market.. ?? What will be the rate of import duty and excise duty on thsi product ? Can i get exemption from excise duty in this case
Replies (2)
According to a notification issued by the Central Board of Excise and Customs (CBEC), customs or import duty on edible oil in all categories has been increased by 5 per cent.
Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent.
https://timesofindia.indiatimes.com/business/india-business/Govt-hikes-import-duty-on-edible-oil-by-5/articleshow/49009583.cms
Thanks and what about Excise duty ?? I suppose it will come under " Deemed manufacture ", so what will be the applicable Excise duty rates ??
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