Thinking of exporting Indian mustard oil? I’m planning to do the same, and need some clarity on the taxes and subsidies involved. Could you tell me: What’s the current Excise Duty on Mustard Oil (HS code 15149120)? Are there any subsidies available for exporting mustard oil? When calculating my costs, should I include Excise Duty? Is it possible to get a refund on the Excise Duty paid? If I receive a subsidy, should it be considered profit?
Best Answer
In India, there is no Excise Duty levied on mustard oil (HS code 15149120). Currently, no specific subsidies are available for exporting mustard oil. Since there is no Excise Duty, it won’t be included in your cost calculations. There is no refund mechanism for non-existent Excise Duty. Any subsidy received would be considered a reduction in cost, not profit.
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