India Hikes Import Tax on Edible Oils
India has increased the basic import tax on crude and refined edible oils, as stated in a government notification. The new tax rates will be effective starting from September 14.
- Country:
- India
India on Friday announced an increase in the basic import tax on both crude and refined edible oils, according to a government notification viewed by Reuters.
The revised tax rates are set to take effect starting from September 14, marking a significant policy shift.
This move is expected to impact the prices and supply of edible oils in the domestic market.
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