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        Case ID :
        Income Tax

        Reduction in Import Duty to stabilize the domestic prices

        April 7, 2017

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        Import duty adjustment used to stabilize domestic prices through targeted tariff changes on staples and edible oils. Reduction in import duties was implemented to stabilize domestic prices by adjusting tariffs on key agricultural and edible-oil commodities. The Government lowered duties for edible palm oil (distinguishing crude and refined grades) and adjusted wheat and pulses duties, with some later restorations of duty, using tariff rate changes as the operative policy instrument.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Import duty adjustment used to stabilize domestic prices through targeted tariff changes on staples and edible oils.</h1> Reduction in import duties was implemented to stabilize domestic prices by adjusting tariffs on key agricultural and edible-oil commodities. The Government lowered duties for edible palm oil (distinguishing crude and refined grades) and adjusted wheat and pulses duties, with some later restorations of duty, using tariff rate changes as the operative policy instrument.

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