Big relief! Central govt slashes import duty on refined soybean sunflower oils to 12.5 %

The central government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with effect from Thursday to boost domestic availability and check prices, a finance ministry notification said. Usually, India imports 'crude' soybean and sunflower oils, and not their 'refined' form. Yet, the government has reduced the duty on refined soybean and sunflower oils.

from IndiaTV Business: Google News Feed https://ift.tt/HXDI0P1