40% escalation of import duty on ghee and butter

In a move to provide duty protection to milk producers Government has increased the import duty on ghee, butter and butter oil by 10 per cent to 40 per cent to safeguard the interest of domestic producers.(Revenue Secretary – Hasmukh Adhia)

This increase in import duty will be temporary for a period of six months and it will continue till March 2016.

The decision was taken based on recommendation of Directorate General of Safeguards and Directorate General of Anti-Dumping and Allied Duties on the request from milk producers as there was a big fall in the prices of ghee, butter and butter oil in the international market.