The notification introduces amendments to multiple customs notifications, significantly impacting import duties on edible oils. Notification 27/2011, which deals with coffee, remains irrelevant to the edible oil industry. A key change is the rescission of Notification No. 48/2021, as referenced in Serial No. 4, which earlier superseded Notification 50/2017. As a result, the duty structure for refined edible oils mentioned in Notification 50/2017 now stands reactivated, implying a reversion to the previous customs duty rate of 32.5% (as last modified by Notification 42/2021 on 10.09.2021).

Additionally, the customs duty on Crude Palm Oil, Crude Soybean Oil, and Crude Sunflower Oil has been increased to 20% from the earlier NIL rate, significantly affecting the import cost and price competitiveness of these oils in the domestic market. Furthermore, Notification 11/2021, which governs the Agriculture Infrastructure and Development Cess (AIDC), wherein 5% AIDC is fixed on crude oils.

These changes are expected to impact import pricing, domestic refining margins, and overall market dynamics, potentially benefiting domestic oilseed farmers and processors while increasing costs for importers and consumers.