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India Cuts Customs Duties on Sunflower, Soybean and Palm Oils
India changed the taxes charged on some imported cooking oils.
The oils include sunflower, soybean and palm oil.
The tax on crude sunflower oil was removed completely.
The tax on refined sunflower oil was also lowered.
Taxes on crude soybean and palm oils were cut to 5 percent.
Taxes on their refined versions were reduced to 27.5 percent.
These changes begin on September 24, 2026.
The finance ministry said the cuts could help make the oils cheaper in India.
India reduced basic customs duties on crude and refined sunflower, soybean and palm oils.
The duty on crude sunflower oil was cut from 10% to zero.
The duty on refined sunflower oil fell from 32.5% to 22.5%.
Duties on crude soybean and palm oils were reduced from 10% to 5%.
The changes take effect on September 24, 2026, to help lower domestic prices.
- Who
- The Indian government, through the finance ministry.
- What
- Basic customs duties on crude and refined sunflower, soybean and palm oils were reduced.
- Where
- India and its domestic market.
- When
- The notification was issued on September 23, 2026, and the cuts take effect on September 24, 2026.
- Why
- The government said the reductions would help lower domestic prices.
Key facts
- Effective date
- September 24, 2026
- Crude sunflower oil duty
- Reduced from 10% to zero
- Refined sunflower oil duty
- Reduced from 32.5% to 22.5%
- Crude soybean and palm oil duty
- Reduced from 10% to 5%
- Refined soybean and palm oil duty
- Reduced from 32.5% to 27.5%
- Announcing authority
- Finance ministry
- Stated objective
- Help lower prices in the domestic market
Sources
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