GSTnews item18 September 2015

Govt hikes import duty on edible oils by 5%

News Update

Govt hikes import duty on edible oils by 5%

Published Date: Sep 19, 2015
Source: ICAI PD Committee
The government on Friday raised the import duty on crude and refined edible oils by five percentage points in a bid to protect farmers' interests and provide a level-playing field to domestic oilseed processors.However, industry associations were not satisfied and wanted even higher duties. According to a notification issued by the Central Board of Excise and Customs, customs or import duty on edible oil in all categories has been increased by five per cent.
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Govt hikes import duty on edible oils by 5%