This notification sets the value of crude palm oil under the Customs Act 1967 for the period of October 1st to 31st, 2022 at RM4,033.51 per tonne. It also provides the export duty rates on crude palm oil based on the market price per tonne, ranging from 0% for prices below RM2,250 to a maximum of 8% for prices above RM3,450. The export duty rates have been effective since January 1st, 2020 according to the Malaysian Royal Customs Department.
This notification sets the value of crude palm oil under the Customs Act 1967 for the period of October 1st to 31st, 2022 at RM4,033.51 per tonne. It also provides the export duty rates on crude palm oil based on the market price per tonne, ranging from 0% for prices below RM2,250 to a maximum of 8% for prices above RM3,450. The export duty rates have been effective since January 1st, 2020 according to the Malaysian Royal Customs Department.
This notification sets the value of crude palm oil under the Customs Act 1967 for the period of October 1st to 31st, 2022 at RM4,033.51 per tonne. It also provides the export duty rates on crude palm oil based on the market price per tonne, ranging from 0% for prices below RM2,250 to a maximum of 8% for prices above RM3,450. The export duty rates have been effective since January 1st, 2020 according to the Malaysian Royal Customs Department.