Extended the benefit of reduced BCD and AID Cess leviable on crude refined/soya, sunflower and palm oils till March 31, 2024

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Notification And Circular, Notification and Circular

The CBIC vide Notification No. 65/2022-Customs dated December 29, 2022 has issued amendments in its earlier Notification No. 48/2021-Customs dated October 13, 2021 (“NN. 48”) and Notification No. 49/2021-Customs dated October 13, 2021 (“NN. 49”), which reduced the Basic Customs Duty (“BCD”) and Agriculture Infrastructure and Development (“AID”) Cess leviable on crude and refined soya, sunflower and palm oils respectively, till March 31, 2022, in order to further extend such benefits till March 31, 2024.

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009588/ENG/Notifications

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