9911796707
TMI BlogImport of palm oil/Palmolein in refined/crude forms – regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... o say that doubts have been expressed regarding classification of palm oil/palmolein imported in refined or crude forms. 2. This matter was also discussed in the Conference of Chief Commissioners held at Mumbai on 21st and 22nd August, 2003, minutes of which have been issued vide F.No. 401/86/2003-CUS-III dated 4th September, 2003. 3. According to the Explanatory Notes to the HSN, under h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on when the oil is refined. 5. With effect from 1st August, 2003, for the purposes of duty assessment, crude palm oil and its fractions (which includes palmolein) have been given a more specific definition vide Notification No.120/2003-Cus dated 1.8.2003 (which amends Notification No.21/2002-Cus. Dated 1.3.2002). As per this definition, "crude" palm oil/palmolein should have acid value of 2% o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RBD palm oil/palmolein as per specifications mentioned above, it will fall under the residuary category of 'other-other', under sub-heading 15119090. 10. The next issue is regarding assessment of imports which have taken place prior to 1.8.2003. It is observed that prior to 1.8.2003 the item 'crude palm oil/palmolein' was neither defined in the tariff nor in any exemption notification. Keep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For this, a report is being sought separately from the Commissioners. 12. In respect of warehoused goods which are cleared for home consumption after 1.8.2003 (even though imports may have taken place prior to this date) the assessment will be done as per section 15(1)(b) of the Customs Act, 1962, i.e. at the rate applicable on the date on which the Bill of Entry is filed for home consumption ..... X X X X Extracts X X X X X X X X Extracts X X X X
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