agriculture infrastructure and development cess (AIDC) Current Affairs, GK & News

Cut in Tax on crude palm oil imports

Central Government cut tax on imports of crude palm oil (CPO), from 7.5 percent to 5 per cent. It came into effect on February 13, 2022. Key Facts India is world’s biggest edible oil importer. It tries to rein in local prices of commodity and help domestic consumers and refiners. Reduction in the tax Reduction ..