Crude Degummed Soybean Oil (CDSO) qualifies for Customs Duty Exemption: Supreme Court

The Supreme Court of India has delivered a verdict classifying crude degummed soybean oil (CDSO) as eligible for exemption from customs duty under the relevant notifications issued by the government. This judgment is expected to benefit edible oil importers in India, as soybean oil is a significant component of the country's edible oil consumption. The classification provides clarity on the applicability of the customs duty exemption to this specific type of crude soybean oil, potentially leading to reduced import costs and stabilizing domestic edible oil prices.