DELHI : 14 JUL 2021
The Indian Customs is continuously monitoring the import clearances of edible oils in co-ordination with Food Safety and Standards Authority of India (FSSAI). It is seen that the import clearance time for edible oil has come down significantly to approx. 3-4 days at present which is the usual time taken for sampling, duty payment and logistics. It is being ensured that there is no clogging at the ports. To facilitate the trade and expedite the clearances, nodal officers have been nominated in all the Customs Zones and a Standard Operating Procedure has also been put in place for smooth clearance. Customs is also engaging with the Industry Associations regularly.
The following data reveals significant increase in imports of crude palm oil (most significant edible oil imports) in most recent periods: –
In MT
Description | 30.6.20 to 12.7.20 | 30.6.21 to 12.7.21 |
Crude Palm Oil | 2,90,694 | 4,04,341 |
In MT
Description | 01.4.20 to 12.7.20 | 01.4.21 to 12.7.21 |
Crude Palm Oil | 19,03,035 | 20,91,332 |