Duty relief for import of edible oil, lentil till '25

10 months ago 38

NEW DELHI: Centre on Friday extended the lower import duty for palm,

soybean

and

sunflower

oils till March 31, 2025, which will ensure their availability to keep a check on retail prices. It also extended the import duty exemption given to

masur dal

(

lentil

) by one more year, till March 31, 2025. The lower import duty structure on crude

palm

oil, crude sunflower oil and crude soy oil was originally set to expire in March 2024.

The effective duty on refined edible oils stands at 13.7%, including a social welfare cess. Effective duty on major crude edible oils is 5.5%.

Explore Your Financial Landscape with Personalized Credit Insights.

Article From: timesofindia.indiatimes.com

Read Entire Article

Note:

We invite you to explore our website, engage with our content, and become part of our community. Thank you for trusting us as your go-to destination for news that matters.

Certain articles, images, or other media on this website may be sourced from external contributors, agencies, or organizations. In such cases, we make every effort to provide proper attribution, acknowledging the original source of the content.

If you believe that your copyrighted work has been used on our site in a way that constitutes copyright infringement, please contact us promptly. We are committed to addressing and rectifying any such instances

To remove this article:
Removal Request