SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CCEA gives nod to defreeze tariff value on imported RBD palmolein

21 Jul 2012 Evaluate

The Cabinet Committee on Economic Affairs (CCEA) has given its consent to defreeze the tariff value on imported RBD palmolein from $484 per tone and align it with the current international prices. CCEA has approved it after the proposal for the same was put forth by Ministry of Consumer Affairs, Food & Public Distribution.

For about six years the tariff value on imported RBD palmolein has remained unchanged. Due to this the effective rate comes out at about 3.6% on current prices despite import duty on refined oil hovering at 7.5%.  Indonesia remains the largest exporter of crude palm oil (CPO) to India and in September 2011, it increased export duty on CPO to 16.5% from 15% earlier and simultaneously reduced export duty on refined palmolein from 15% to 8%, which further affected the domestic refining industry.

During November 2011 to April 2012, about 9.19 lakh tonnes of RBD refined palmolein was imported, an increase of 88.70% compared to 4.87 lakh tonnes during corresponding period in previous year.  Besides, imports of CPO increased marginally by 14.80% to 24.93 lakh tonnes compared to 21.72 lakh tonnes.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×