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Edible oil cos urged to pass on duty cuts
Mint Bangalore
|June 05, 2025
The Solvent Extractors' Association of India (SEA), an industry body, on Wednesday urged its 875 members to pass on the benefit of reduced import duties to consumers and reduce the prices of packaged edible oils.
The communication comes after the government's 31 May decision to cut the basic customs duty on crude soybean, palm and sunflower oil from 20% to 10%. This change reverses over eight months of higher import duties on these oils. Consequently, the effect
Diese Geschichte stammt aus der June 05, 2025-Ausgabe von Mint Bangalore.
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