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telegraphindia.com 12 Sep, 2021 00:30 am

Government cuts import duty on edible oil

Government cuts import duty on edible oil
The new rates came into effect from Saturday

21, 02:31 AM The government has slashed the base custom duties on palm oil, soyoil and sunflower oil to contain spiralling edible oil prices.The base import tax on crude palm oil has been reduced to 2.Advertisement The import duty along with the cess on crude palm oil will be 24.On RBD (refined, bleached, and deodorized) palm oil, it will come down to 35.

Govt cuts import duty on edible oil The new rates came into effect from Saturday Representational image.This will also go a long way in cooling all edible oil prices as internationally edible oil prices have started showing some weakness,” said B.

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