BusinessGovernment Cuts Import Duty on Crude Sunflower, Soybean, Palm Oils
The government has reduced the Basic Customs Duty on major imported crude edible oils to ease domestic prices and inflation. The duty on crude sunflower oil is now zero, while soybean and palm oil duties are cut to 5%. The duty gap between crude and refined oils remains to protect domestic refiners. This aims to lower import costs and benefit consumers amid rising global edible oil prices.
Bhaskarlive·16h ago·New Delhi




