FOREIGN TRADE POLICY RELATED TO EXPORT OF EDIBLE OILS FROM INDIA


Dated 02nd April 2013

Government of India vide Notification No 39(RE – 2012)/2009-2014,Dated: 25th March, 2013 seeks to amend Notification No 32(RE-2012)/2009-14 dated 5th February, 2013 relating to export of edible oils in context to Sl. No. 92 of Schedule 2 of ITC(HS) Classification of Export & Import Items.
-Export of edible oils was initially prohibited for a period of one year with effect from 17.03.2008 vide Notification No. 85 dated 17.03.2008 which was extended from time to time. Vide Notification No. 24(RE-2012)/2009-14 dated 19th October 2012, prohibition on export of edible oil has been extended till further orders.

-Following exemptions are permitted from the prohibition on export of edible oils:

(a) Castor oil
(b) Coconut oil from all EDI Ports and through Land Custom Stations(LCS) [LCS to be notified separately]
(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.
-Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price of USD 1500 per MT.

-The prohibition will not apply to export of Peanut Butter, ITC (HS) Code 15179020. [This already stands notified at Sl. No. 10 of the Table in Para 1 of Notification No. 31(RE-2012)/2009-14 dated 4th February, 2013]

-Effect of this notification:

Exemptions to prohibition on export of edible oils notified on 05.02.2013 (Notification No. 32) have been expanded.

SOURCE: GOVT. OF INDIA, Ministry of Commerce and Industry

 

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