IMPORT OF RAPESEED OIL
LOK SABHA
Import of edible oils (other than
copra/coconut oil) is under the Open General License. Government
does not fix any target for import of edible oil. Such imports
depend upon the demand supply position of edible oils in the country,
international and domestic prices and the commercial judgement
of the importers.
During the current oil year (November-October)
till June, 2002, as per available information, crude sunflower
oil has been imported from Argentina while canola/rapeseed oil
has been imported from Canada.
There is a position for import of
crude sunflower or sunflower oil upto an aggregate of 1.50 lakh
MTs (Tariff Rate Quota) in 2002-2003 at a concessional customs
duty of 50 per cent (against the normal duty of 75 per cent).
Similarly, there is a provision for import of refined, rapeseed,
colza or mustard oil upto an aggregate of 1.50 lakh MTs (Tariff
Rate Quota) in 2002-2003 at a concessional customs duty of 45
per cent plus Special Additional Duty of 4 per cent (against the
normal duty of 75 per cent plus Special Additional Duty of 4 per
cent).
This information was given in the
Lok Sabha today by Minister of State for Consumer Affairs, Food
and Public Distribution Shri V. Sreenivasa Prasad in reply to
a question of Shri Ananta Nayak.
