Crude Palm Oil 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 ..

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India cuts Crude Palm Oil Import Tax

India has cut import tax on crude palm oil from 15 % to 10% for three months. This new duty would be effective from June 30, 2021. Key Points India is world’s biggest importer of vegetable oils. But it has been struggling to bring down edible oils prices.  Thus, decision to reduce the import tax ..

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