India Cuts Edible Oil Import Tax

  Published 10 months ago

India has halved the basic import tax on crude edible oils (palm, soya, sunflower) to 10%, aiming to lower food prices and support domestic refining. This move widens the gap with refined oil taxes, incentivizing crude oil imports.

  • Tax on crude oils reduced to 16.5%.
  • Refined oil taxes remain at 35.75%.
  • Boost expected for local refiners & demand.

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