AreaIndia
Commodity GroupOilseeds, oils and meals
CommodityPalm oil
Date01/09/2019
Policy CategoryTrade
Policy InstrumentImport policy
DescriptionIntroduced effective 4 September 2019 and for a period of 180 days a 5 percent safeguard tariff on imports of refined palm oil from Malaysia, thus ending the preferential treatment Malaysian exporters enjoyed since the beginning of 2019. The safeguard measure resulted in a harmonized total import duty of 50 percent for refined palm oil from all origins.
NotesIn August, the Government introduced a 5 percent safeguard tariff on imports of refined palm oil from Malaysia, thus ending the preferential treatment Malaysian exporters enjoyed since the beginning of 2019 (see MPPU Jan.19), which resulted in a surge of Indias palm olein imports, allegedly harming local refiners. The safeguard measure has resulted in a harmonized total import duty of 50 percent for refined palm oil from all origins, while imports of crude palm oil will continue to be taxed at 40 percent.