Government cuts import duty on cooking oils

  • 13-Sep-2021
  • Government cuts import duty on cooking oils

The government cut import duty on crude and refined palm oil, soybean oil and sunflower oil to provide a respite to consumers amid rising food prices ahead of the consumption-driven festive season.

In a notification issued late on Friday, the Central Board of Indirect Taxes and Customs (CBIC) notified the changes in customs duty rates, applicable from September 11.

Source: economictimes.indiatimes.com

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