Centre Has Allowed Import of a Quantity of 20 Lakh MT Each of Crude Soyabean Oil & ... - Latest Tweet by Prasar Bharati News Services latestly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latestly.com Daily Mail and Mail on Sunday newspapers.
The Centre has allowed import of a quantity of 20 lakh tonne, each of crude soyabean oil and crude sunflower oil per year, for a period of two years at zero customs duty and Agricultural Infrastructure and Development Cess, an official note said on Tuesday.
The Centre has placed a cap on the export of sugar under the "restricted" category which will be effective from June 1.The latest move comes days after banning the export of wheat in order to control rising inflation and to ensure .
The announcement comes in the wake of a surge in edible oil prices in India. India is one of the world’s largest vegetable oil importers and relies on imports for 60 per cent of its needs.