MUMBAI: India has raised the basic import tax on crude and refined edible oils by 20 percentage points, the government said on Friday, as the world’s biggest edible oil importer tries to support local oilseed farmers. The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil. New Delhi on Friday imposed a 20% basic customs duty on crude palm oil, crude soyoil and crude sunflower oil from Sept. 14, the notification said. This will effectively increase the total import duty on these three oils to 27.5% from 5.5% as India also imposes the Agriculture Infrastructure and Development Cess on these oils.Imports of refined palm oil, refined soyoil and refined sunflower oil will attract 35.75% import duty against the earlier duty of 13.75%.Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Basics of Generative AI : Unveiling Tomorrow’s InnovationsBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By – Metla Sudha Sekhar, Developer and Lead InstructorView Program AstrologyVastu Shastra CourseBy – Sachenkumar Rai, Vastu ShashtriView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By – Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By – Metla Sudha Sekhar, Developer and Lead InstructorView Program MarketingDigital marketing – WordPress Website DevelopmentBy – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program FinanceFinancial Literacy – TDS, Budget, Income Tax Act, GST, Indirect taxBy – CA Rahul Gupta, CA with 10+ years of domain experience, trainerView Program LeadershipBusiness Storytelling MasterclassBy – Ameen Haque, Founder of StorywallahsView Program Future of Marketing & Branding MasterclassBy – Dr. David Aaker, Professor at Haas School of BusinessView Program HR & People ManagementHuman Potential and the Future of EmploymentBy – Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management PracticeView Program StrategyESG and Business Sustainability StrategyBy – Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program FinanceFinancial Reporting and AnalyticsBy – Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of DelhiView Program MarketingPerformance Marketing for eCommerce BrandsBy – Zafer Mukeri, Founder- Inara MarketersView Program India meets more than 70% of its vegetable oil demand through imports. It buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
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