Palm Acid Oil (PAO) is a by-product from the chemical refining of palm oil. It consists mainly of FFA (over 50%) and neutral oil, with 2-3% moisture and other impurities. It is very similar to palm fatty acid distillate (PFAD), but its FFA is generally lower.
Karachi-Pakistan: As per Director Customs Valuation Karachi Iqbal Muneeb has determined the customs values of palm acid oil vide Valuation Ruling No. 1290/2018. Representations were received that there existed wide variation in assessed values of the Palm Acid Oil. Keeping in view the prevailing prices of the goods, an exercise was initiated to determine the values of the goods.