The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification to modify the Basic Customs Duty (BCD) on crude and refined edible oils. This change is outlined in the notification 31/2026-Customs dated September 23, 2026. The specifics of the duty adjustments are detailed in the official document, which should be consulted for precise figures and implications.
This adjustment in BCD affects importers dealing with crude and refined edible oils. The change could influence the cost structure and pricing strategies for these goods. Importers need to reassess their documentation and filing processes to ensure compliance with the new duty rates. The impact on specific trades, including whether Neo clients are directly affected, depends on the exact CTH codes and product classifications involved.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice