Ask a Query






Client Login

Welcome GST India Solution

50(RE-2010)/2009-14, Dated: 03/06/2011
 

Exemption for export of 10,000 MTs of organic edible oils.

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii))
 
 
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
 
 
Notification No  50 (RE – 2010)/2009-2014
New Delhi, Dated :  3rd June, 2011
 
 

Subject:   Exemption for export of 10,000 MTs of organic edible oils.
 
S.O.(E)              In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government hereby amends, with immediate effect, Notification No. 85 dated 17.03.2008 read with Notification No. 7 dated 30.09.2010, as amended from time to time.
 
2.         The export of edible oils was initially prohibited for a period of one year with effect from 17.03.2008 vide Notification No. 85 dated 17.03.2008 which was extended from time to time.  This extension is upto 30.09.2011 in terms of Notification No. 7 dated 30.09.2010.
 
3.         In relaxation of above prohibition, certain exemptions have been granted through various notifications issued from time to time namely (a) export of Castor Oil (b) export of coconut oil from Cochin Port (c)  Deemed export of edible oils(as input raw material) from DTA to 100% EOUs for production of non-edible goods to be exported (d) export of oil produced out of minor forest produce even if edible, ITC(HS) Code 15159010, 15159020, 15159030, 15159040, 15179010 and 15219020 and (e) export of edible oils in branded consumer packs of upto 5 Kgs subject to a ceiling of 10,000 MTs upto 31.10.2011.  In addition, the prohibition on export of edible oils will also not apply to export of 10,000 MTs of organic edible oils, per annum, duly certified by APEDA,subject to  following conditions:
 
(a)    Quantity limit shall be 10,000 MTs per annum;
(b)    It should be duly certified by APEDA as being organic edible oils;
  (c)    Export contracts should be registered with APEDA, New Delhi prior to shipment;
  (d)    Exports shall be allowed only from Customs EDI Ports.
 
4.     Effect of this notification:
           
Prohibition on export of edible oils is upto 30.09.2011.  But, the same will not apply to export of Organic edible oils (new addition now) in addition to other relaxations/exemption granted earlier; but with a ceiling of 10,000 MTs per annum and subject to certain conditions mentioned in para (3) above. 

 
 
 

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in

 
 
 
 (Issued from F.No.01/91/180/774/AM10/Export Cell)

Latest Articles

<--

WHAT IS GST?

GST i.e.Goods and Service Tax is a unified tax that replaces several indirect taxesleviedby the Central Government and the State Government(s)....

Read more
-->

BASIS OF CHARGE OF GST- SUPPLY

In pre-GST regime, goodswere liable to: (i) Excise Duty- on manufacture of goods; (ii) VAT/CST- on sale of goods; (iii) Entry tax- on ...

Read more

WHO IS LIABLE TO PAY TAX

GST is levied on every taxable person. Taxable person means a person who carries on any business at any place in India. Such . ..

Read more

WHAT IS TAXED UNDER GST

GST is a unified tax which is levied on: (i) goods; (ii) services and (iii) a mix of goods and/or services. Any supply of goods or services . .. ...

Read more

Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

READ MORE

Why

Goods & Service Tax


Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax  Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .

READ MORE

Gst Events