Q. Agriculture Infrastructure and Development Cess (AIDC) was reduced to cut the tax on importing which product?
Answer: Crude palm oil (CPO)
Notes: India has cut its tax on crude palm oil (CPO) imports to 5 percent from 7.5 percent. The reduction in the tax, known as ‘Agriculture Infrastructure and Development Cess (AIDC)’, will widen the gap between the CPO and refined palm oil import duties. This will make it cheaper for Indian refiners to import CPO. India is the world’s biggest edible oil importer.

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