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New Delhi, Nov. 20 In partial modification to the total ban imposed on the export of edible oil from the country, the Government on Thursday said it would permit export of edible oils in branded consumer packs of up to 5 kg, subject to a quantitative ceiling of 10,000 tonnes during the next one year up to October 2009.

A notification issued by the Director General of Foreign Trade (DGFT) here said such exports should be permitted only from customs-EDI (electronic data interchange) ports so that documentation is in digital form and is transparent. The DGFT said the export of fish oil is also permitted freely.

It further said the quantity of edible oil to be exported with a quantitative ceiling would be monitored through an appropriate system to be put in place by the Department of Commerce. Both the decisions to partially lift the ban on export of edible oil and allow free export of fish oil were taken by the empowered group of ministers under the chairmanship of the Union External Affairs Minister, Mr Pranab Mukherjee, early this month, though the DGFT gave effect to the decision only on Wednesday, sources in the Government told Business Line here.

It might be noted that in March this year, the Government banned export of all edible oils, following domestic shortage of oil and its high prices. Official sources said the net availability of edible oil from all domestic sources from November 2007 to October 2008 is estimated at 84.92 lakh tonnes and the import of edible oils is reckoned at 49.03 lakh tonnes.

It may be recalled that in a bid to provide a measure of relief to the poorer sections of the society from the escalating edible oil prices, the Union Government introduced a scheme for distribution of 10 lakh tonnes of imported edible oils in 2008-09 at a subsidy of Rs 15 a kg through States/union territories at the rate of 1 kg a ration card each month.

More Stories on : Oilseeds & Edible Oil | Exports & Imports

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