The Ministry of Finance (Department of Revenue) has issued a notification on November 14, 2025, amending two existing Customs notifications to adjust the import duty structure for certain molasses and vegetable oils.
Exemption for Cane Molasses
The first amendment modifies Notification No. 27/2011-Customs, dated March 1, 2011, by inserting a new entry.
- A new entry at Serial Number 66 is added for Cane Molasses (Tariff Heading 1703 10 00).
- The customs duty specified against this entry is set at Nil.
This measure grants a full exemption from customs duty for the import of Cane Molasses under this specific tariff heading.
Adjustment to Vegetable Oil Duties
The second amendment modifies Notification No. 45/2025-Customs, dated October 24, 2025, affecting the classification and duty for certain vegetable oils:
- Tariff Heading Substitution: The entry against Serial Number 43 is substituted to exclude Tariff Heading 1510 10 00, changing the list of goods covered under that Serial Number.
- New Duty for Crude Olive Pomace Oil: A new entry, Serial Number 45A, is inserted.
- This entry applies to Tariff Heading 1510 10 00.
- The basic customs duty for all goods under this heading is set at 15 percent.
This new entry isolates the tariff heading 1510 10 00 (which generally covers Crude Olive Pomace Oil) and specifies a customs duty of 15 percent, removing it from the scope of the previous entry (Serial Number 43).