GENERAL23 Sept 2026
Govt cuts import duties on palm, soya and sunflower oils to curb prices
The government has cut import duty on crude palm and soya oils to 5 per cent and crude sunflower oil to zero. Duty on refined palm and soybean oils is now 27.5 per cent, and the lower refined rates start September 24. This follows a sharp rise in food inflation. So edible oil prices may ease, and businesses should watch their buying costs.
Key Statutory Highlights
- Import duty on crude palm oil and crude soya oil has been cut to 5 per cent.
- Import duty on crude sunflower oil has been cut to zero.
- Duty on refined palm oil and soybean oil is now 27.5 per cent, with the lower refined rates taking effect on September 24.
Actionable Advice for Taxpayers / Founders:If you buy edible oil for your kitchen or food business, check your next purchase order with your supplier to see whether the revised rates applying from September 24 change your landed cost.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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