India extends reduction in import tariffs on vegetable oils until March 2025

Published 2023년 12월 22일

Tridge summary

India has extended lower import tax rates for edible oils until March 2025 to control local prices. This applies to crude palm oil, crude sunflower oil, and crude soybean oil. Refineries can continue to import these oils at the lower rates until the extended deadline.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MUMBAI (Reuters) - India will allow imports of edible oils at lower import tax rates until March 2025, according to a government order seen by Reuters on Friday, as the world's biggest oil importer vegetal acts to keep local prices under control. The lower import duties on crude palm oil, crude sunflower oil and crude soybean oil were originally set to expire in March ...

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