Top Menu

Market Research
Search India Import/Export data to understand your markets and monitor your competition.

20+ Country Market Analysis Report

Export Import Market Report

demo

Find Sales Prospects
Instantly generate lists of potential customers based on trade activity.

Find Sales Prospects

Instantly generate lists of potential customers based on trade activity.

Request Sample Data

Evaluate Suppliers
Search for new suppliers, monitor existing ones and keep track of trends.

Access the world's largest and most comprehensive database of International trade. Whether you are looking to generate leads locally or expand your business globally, TRADE GENIUS has what your business needs.

SL2
DATA FROM 30+ COUNTRIES
Import and Export data from Globally, USA, UK, RUSSIA, and CHINA
SL2
Market Analysis Report
Based on Global Import Export Data
SL2
60,000,000+ SHIPMENTS
Records include product details, FOB values, HTS codes, and much more.
demo
Monitor Competitors
Tailor a solution specific to your industry, with deep expertise in Chemicals, Transportation, and more.
contact

Mail us: info@tradegeniusindia.com

On sunflower seed, the import levy has been cut down by Govt to 10%

sunflowers seeds

The Indian Government in acknowledgement with the time long demands of the trade industry decided to slash down the import duty on sunflower seeds and made the duty from the earlier 30 % to 10 % on March 23rd, 2017.

In this regard, The Department of Revenue of the Ministry of Finance released a notice which states that on March 23 the import duty was 10% which showed the amendment to the previous notification No.12/2012- Customs which was released on March 17, 2012.

As to reduce the basic Customs duty from 30 per cent to 10 per cent on sunflower seeds, the notice said, “Amendment to Notification No.12/2012-Customs, falling under tariff item 1206 00 90 (i.e. other than of seed quality) for the purposes extraction and refining of oil subject to actual user condition, from April 1, 2017, to September 30, 2017, period.

This step was welcomed by Solvent Extractors’ Association of India (SEAI) and is happy about the government’s response to the industry’s request. This is a progressive step for the local industry for generation of employment, value-addition, and efficient utilisation of the capacity.

To get the balance with the international prices, the reduction in the import duty will help the importers so by India there can be large imports of oilseeds for providing to the mills that have a lack of supply.

Hello. Add your message here.