India cuts import tax on crude edible oils to control prices


NEW DELHI: India halves its basic import duty on crude edible oils, while keeping the tax on refined forms unchanged, in a move to control local prices and support the processing industry.

The government cut the levy on crude palm, soybean and sunflower oils to 10%, according to an official notification.

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India , tax , import , edible oil , CPO , cooking , inflation , consumer

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