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India Halves Import Tax on Crude Edible Oils to Help Reduce Food Price
Hindustan Times Jammu
|June 01, 2025
The Govt Did Not Change Import Duty on Refined Palm Oil, Refined Soyoil or Refined Sunflower Oil, Which Currently Attract a 35.75% Import Tax
MUMBAI: India halved the basic import tax on crude edible oils to 10% on Friday, the government said, as the world's biggest vegetable oil importer tries to bring down food prices and help the local refining industry.
The customs duty applies to crude palm oil, crude soyoil and crude sunflower oil.
This story is from the June 01, 2025 edition of Hindustan Times Jammu.
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