This change has widened the import duty differential between crude and refined edible oils from 8.75% to 19.25% ...

The 19.25% duty differential between crude and refined oils will help encourage domestic refining capacity utilisation and ...

The decision follows a comprehensive review of the rising edible oil prices which were impacted by the duty hike in September ...

India's food ministry mandates edible oil companies to pass on import duty reductions to consumers, aiming to curb rising ...

The decision came after a detailed review of the sharp rise in edible oil prices following last year's duty hike.

The reduction is also aimed at incentivising the refining of crude edible oils in India by widening the import duty ...

This adjustment seeks to tackle the rising edible oil prices triggered by the September 2024 duty hike and simultaneous ...

Centre has  reduced the Basic Customs Duty (BCD) on crude edible oils namely crude sunflower, soybean, and palm oils has been reduced from 20% to 10% resulting in the import duty differential between ...

The government had previously hiked duties in September 2024, a move that, combined with rising international prices, led to ...

New Delhi: The Centre has reduced the basic customs duty on crude edible oils, including crude sunflower, soybean, and palm ...