Govt exempts import tax on 20 lakh MT each of crude soyabean, sunflower oil
The development comes as India, the world's biggest vegetable oil importer, tries to keep a lid on local prices.
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The development comes as India, the world's biggest vegetable oil importer, tries to keep a lid on local prices.
The move could also help consumers and domestic refiners cushion the blow from surging food costs. . Read more at straitstimes.com.
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 ...
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