India likely to raise vegetable oil import taxes to aid local farmers: Report
Shristi Acharya, Published on Feb 23rd, 2025
India may raise import taxes on vegetable oils for second time in less than six months to aid oilseed farmers, Reuters reported citing a government source. In September 2024, India imposed a 20% customs duty on crude and refined vegetable oils. After revision, crude palm oil, soybean oil and sunflower oil attracted 27.5% import duty.
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